Reshoring and foreign direct investment (FDI) created more than 364,000 new U.S. manufacturing jobs in 2022, a 53 percent increase from the 2021. A surge in manufacturing projects for EV batteries and semiconductor chips—combined with the continuing trend of reshoring across a broad range of industries—helped to propel current and future manufacturing jobs to a record high total.
The total number of jobs announced since 2010 is now nearly 1.6 million. New investments in U.S. manufacturing by domestic and foreign companies surged after President Biden’s Inflation Reduction Act (IRA) and Chips and Science Act were passed.