The metal, handicampets and other crafts industry has been the target of increasing government scrutiny and a nationwide crackdown on those peddling them, according to a new report by the Government Accountability Office.
While a few companies are still operating, others have shuttered or expanded operations in recent years, including some that were part of the “gold rush” of the late 1990s and early 2000s, according the report.
The report, titled “Metal, Hoarding, and Hoarding Products: What We Know and What We Need to Know,” outlines how the industry’s future could be decided by the government.
In the meantime, the industry will continue to be a major source of employment for many Americans and other countries.
“As the number of new entrants to the metal, hoarding and other handmade products industry continues to increase, we expect this report to have an impact on both the industry and the government,” said Carolyn E. Gertner, assistant director of the GAO’s Office of the Inspector General.
While the GAOA report provides more information about the industry, the full report will be released as part of a joint congressional inquiry into the impact of the Affordable Care Act on the country’s metal, crafts and hoarding products industries.
In 2017, the GAOG’s inspector general released a report that found the industry is “growing rapidly and becoming more sophisticated.”
It found that the number and size of companies in the industry increased in the first three quarters of this year, which it said is likely due to the ACA and the expansion of the manufacturing sector.
The GAO report also found that about a quarter of the workforce in the metal industry is made up of individuals who are either unemployed or underemployed.
In 2018, GAO reported that about 25 percent of the people who work in the metals, crafts, and hoards industry are self-employed.
The metal craft industry is also the fastest-growing craft in the United States, with employment growing 7.7 percent from 2015 to 2018.
In 2020, the metal craft was one of only two craft industries to see employment growth above 10 percent.
Other major craft industries that are growing include food processing, clothing and footwear, and apparel, footwear and accessories.
But, according in the GAOD report, some of the industries that saw the most growth include metal, metalworking, and metal products.
In 2021, the number one industry in the country, the metals industry grew by 17.6 percent, while the craft and hoarded products industry grew just 4.5 percent.