February 11, 2023 · in Industry News
Record-breaking job market for 2022

The Reshoring Initiative 2022 Q3 Data Report highlights record-breaking jobs gains in 2022. According to the report, reshoring plus foreign direct investment (FDI) job announcements are at the highest rate ever recorded. The Q3 numbers are about 15 percent above Q1. It also appears that Q4 gains could hit 350,000- plus jobs. Other takeaways from the report indicate that electric vehicle battery investments make electrical equipment the top industry. Private and federal entities are investing in skilled workforce. With the Inflation Reduction Act, Chips Act and Infrastructure Bill, the U.S. government is finally getting started on an industrial policy.

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