Business Manager: Sean W. Daly
Fueling the Growth of Domestic Manufacturing Jobs
After more than 1.3 million jobs in the manufacturing sector were lost to the depths of the pandemic in 2020, recent data shows manufacturers have added back 1.4 million factory jobs, adding 668,000 additional manufacturing jobs since the Biden administration began.
Biden administration policies intended to promote the growth of domestic manufacturing – like expanding made-in-the-U.S. rules for federal procurement and tax credits for American semiconductors and other factories – are expected to continue the expansion.
“One of the most striking things that we are seeing now,” Brian Deese, Director of the White House National Economic Council, told the New York Times, “is the number of companies — U.S. companies and global companies — that are committing to build and expand their manufacturing footprint in the United States, and doing so based on their view that not only did the pandemic highlight the need for more resilience in their supply chains but that the United States is creating a policy environment that makes long term investment here in the United States more attractive.”