The U.S. Patent and Trademark Office (USPTO) today released its third in a series of reports quantifying the contributions of IP-intensive industries to the U.S. economy. The report found that, in 2019, IP accounted for 41% of domestic economic activity and that IP-intensive industries accounted for 63 million jobs, or 44% of all U.S. employment. Direct employment accounted for 47.2 million jobs in 2019, or 33% of total U.S. employment. Indirect employment, which includes jobs created in other industries that depend at least partially on final sales in IP-intensive industries, accounted for an additional 11% of U.S. employment.
Recent Posts
- Amici Urge SCOTUS to Scrap Fourth Circuit Approach to Disgorgement of Non-Party Affiliates’ Profits
- Patently Strategic Podcast: Continuation Practice
- GoPro Bid to Invalidate POV Camera Claims as Abstract Shut Down by CAFC
- Wi-Fi 7: Patent Opportunities and the Impact on Intellectual Property in the Technology Sector
- Other Barks & Bites for Friday, September 6: House Version of PERA Introduced; Judicial Council Confirms Extension of Newman Suspension; OpenAI Asks Court to Dismiss Claims and Focus on Fair Use in Copyright Battle