Reshoring group says ‘tide has turned,’ more manufacturing jobs returning than leaving U.S.

Reshoring group says ‘tide has turned,’ more manufacturing jobs returning than leaving U.S., by Michael Tilley.

A Chicago-based group that advocates for the return of manufacturing jobs to the U.S. says “the tide has turned,” with more jobs “onshored” than leaving the country. But it will take many years of onshoring to return manufacturing jobs to U.S. and Arkansas peaks.

The Reshoring Initiative’s 2016 Data Report released Monday (May 15) indicates 77,000 jobs were brought back to the U.S., with just 50,000 leaving.

“In comparison to 2000-2003, when the United States lost, net, about 220,000 manufacturing jobs per year to offshoring, 2016 achieved a net gain of 27,000. The tide has turned. The numbers demonstrate that reshoring and [Foreign Direct Investment] FDI are important contributing factors to the country’s rebounding manufacturing sector,” noted the report.

The US builds jet engines (unlike Australia, which just does some maintenance)

So the trend change was not due to Trump.