The U.S. cable sector plays a major role in the national economy, contributing $568.7 billion in total economic output and sustaining approximately 1.3 million jobs, according to a new analysis by Chmura Economics & Analytics, commissioned by NCTA – The Internet & Television Association. The findings highlight the industry’s broad footprint across infrastructure, connectivity, and media content. n nBroadband services provided by cable companies account for 59 percent of fixed internet connections in the country, serving 80 million subscribers. These providers alone generated $366 billion in economic impact and supported close to 888,000 jobs. Meanwhile, cable programming contributed $196 billion to the economy and backed more than 351,000 positions. n nInvestment in network expansion and customer technology reached $25.1 billion, fueling employment in construction and technical support sectors. The report also outlines the industry’s significance at the state level, with California leading at $117.4 billion in economic impact and 209,000 jobs, followed by New York ($91.8 billion, 165,000 jobs), Texas ($45.8 billion, 116,000 jobs), and Florida ($43.7 billion, 116,000 jobs). n nCory Gardner, President and CEO of NCTA, emphasized that the cable industry not only powers essential communication networks but also drives innovation and high-quality employment. From enabling remote work and digital education to delivering premium entertainment, the sector remains a cornerstone of economic activity across the United States.
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NCTA Report: Cable Industry Powers $569B in U.S. Economic Output, 1.3M Jobs
The U.S. cable industry is delivering tremendous economic benefits nationwide, generating $568.7 billion in total economic output and supporting 1.3 million jobs across the country, according to a new report commissioned by NCTA – The Internet & Television Association and conducted by Chmura Economics & Analytics. n nAdditional findings in the study, “Investing In America 2024: The Cable Industry’s Economic Impact on People, Infrastructure & Programming” found: n nCable broadband providers generated $366 billion of total economic impact and supported nearly 888,000 total jobs. n nCable broadband provides connectivity for 59% of all fixed internet connections in the U.S., serving 80 million broadband subscribers nationwide. n nCable programmers had a total economic impact of $196 billion and supported more than 351,000 total jobs. n nCable broadband providers invested $25.1 billion for broadband expansion, scalable infrastructure, customer equipment, and support systems, creating tens of thousands of jobs in construction and related industries. n nThe report also underscores the industry’s wide-ranging impact on state economies. The top states in impact and employment include: n nCalifornia – $117.4 billion in total economic impact and 209,000 jobs n nNew York – $91.8 billion in total economic impact and 165,000 jobs n nTexas – $45.8 billion in total economic impact and 116,000 jobs n nFlorida – $43.7 billion in total economic impact and 116,000 jobs n nCory Gardner, President & CEO, NCTA – The Internet & Television Association
The cable industry’s significant role in powering America’s communications infrastructure is matched by its tremendous impact on economic growth, innovation, and high-quality jobs. From building the broadband networks that transform how we live and work, to delivering the award-winning television that entertains and inspires, our industry remains a vital driver of America’s economy. n nRay Sharma
Ray Sharma is an Industry Analyst and Editor at The Fast Mode. He has over 15 years of experience in mobile broadband technologies and solutions, conducting research and analysis on various technology segments and producing articles and write-ups on the latest developments within the sector. He is also in charge of social media engagement and industry liaisons. n
Follow him on LinkedIn or Facebook. He can be reached at ray.sharma@thefastmode.com