Reshoring and foreign direct-investment (FDI) manufacturing job announcements added another 101,500 U.S. jobs in Q1 2023, according to the Reshoring Initiative’s latest report. This follows the addition of more than 406,000 jobs in 2022.
The report says four industries account for roughly 90% of all added jobs: electrical equipment (including EV batteries), computer and electronics, transportation equipment, and chemicals.
At the current pace, the cumulative number of reshored and FDI jobs added since 2010 will reach two million by year end — about 40% of what had been lost to offshoring. 5/22/2023