Q3 data is in, and it shows reshoring + FDI job announcements were at the highest rate ever recorded, about 15% above Q1 2022, the previous record. 4Q 2022 looks strong enough to reach a 2022 total of 350,000+ jobs. Top takeaways:
Projected 350k reshoring jobs announced for 2022
EV batteries make Electrical Equipment the top industry
Private and federal entities are investing in skilled workforce development, one of the top barriers to success
With the IRA, Chips Act and Infrastructure Bill, the U.S. Government is finally getting started on an industrial policy. Although, a more comprehensive plan is needed.