Reshoring brings jobs to the U.S.

June 11th, 2018 / By: / Industry News, News

In 2017 combined reshoring and related foreign direct investment (FDI) added more than 171,000 jobs according to the Reshoring Initiative’s 2017 Reshoring Report. Including upward revisions of 67,000 jobs in prior years, the total number of manufacturing jobs brought to the U.S. from offshore was more than 576,000 since the manufacturing employment low of 2010. The 171,000 reshoring and FDI jobs announced equal 90 percent of the 189,000 total manufacturing jobs added in 2017. The Reshoring Initiative attributes the increases to anticipation of greater U.S. competitiveness due to expected corporate tax and regulatory cuts following the 2016 election.

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