350,000 Jobs: Record Year for Reshoring

U.S. companies are on pace to reshore (or return to the U.S.) a record number of jobs this year, according to the Reshoring Initiative. The Wall Street Journal reports that the 350,000 reshored jobs expected this year would far exceed the roughly 265,000 jobs added in 2021 and would be more than 50 times the 6,000 jobs reshored in 2010.

Reshoring has outpaced foreign direct investment for the third year in a row — although overseas investment has set an all-time record high this year due to “huge investments” in EV batteries. 8/22/2022