Report: Reshoring Adds Record Number of Jobs in 2021

An organization called The Reshoring Initiative has issued a report that says efforts to bring back U.S. manufacturing jobs and expand foreign direct investment (FDI) resulted in a record 261,000 jobs nationwide last year. The total number of reshored and FDI-created jobs since 2010 now sits at more than 1.3 million — and nearly 66,000 of those jobs are in Ohio, the study says.

When measured by the overall U.S. trade deficit of about $859 billion a year, “there are still five million U.S. manufacturing jobs offshore at current levels of U.S. productivity, representing a huge potential for U.S. economic growth,” according to the organization. 6/8/2022