In the latest sign that President Obama has been good for gun sales, the economic impact of the firearms and ammo industry jumped 158 percent since he took office, according to the sector's trade group.

The National Shooting Sports Foundation, which represents the industry, said the economic impact increased from $19.1 billion in 2008 to $49.3 billion in 2015.

What's more, direct, supplier and indirect employment jumped 73 percent to 287,986, bigger than the populations of Buffalo, N.Y., Toledo, Ohio, or Newark, N.J.

Wages nearly tripled, from $5 billion to over $14 billion.

And the tab for federal taxes paid has increased 144 percent since 2008, to $6.2 billion, said NSSF in its "Firearms and Ammunition Industry Economic Impact Report 2016."

"Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports," said Stephen L. Sanetti, NSSF president and chief executive officer.

"In response to that dynamic, we have increased our direct workforce by about 21,000 in the last two years alone, adding jobs that pay an average of more than $50,000 in wages and benefits. In addition, since 2008 we increased federal tax payments by 144 percent, Pittman-Robertson excise taxes that support wildlife conservation by 92 percent and state business taxes by 96 percent," he added.

The full report can be seen here.

Paul Bedard, the Washington Examiner's "Washington Secrets" columnist, can be contacted at