American Manufacturing Employment Growth at 2-Decade High

There’s no better time than the present to get a job in the manufacturing industry. While the American manufacturing industry has always been a critical element of the country’s infrastructure and overall gross domestic product (GDP), it’s grown increasingly fast in recent months. In fact, a new report published by the U.S. Bureau of Labor Statistics (BLS) suggests that manufacturing employers created roughly 37,000 new jobs in July alone. That’s the highest number of new manufacturing jobs created in more than six months, signaling optimism for manufacturing companies and investors alike.

When looking at the American manufacturing industry’s growth over the past year, the BLS says that more than 327,000 new jobs have been created. Of course, that’s a substantial amount of new jobs that’s paving the way for a brighter future and stronger economic health. In fact, it’s been more than two decades — 23 years to be exact — since the American manufacturing industry has created this amount of new jobs in a given year.

So, what’s fueling the American manufacturing industry’s employment growth? There’s no single factor attributed to the industry’s success. Rather, it’s the result of a multitude of factors. First, there’s been a focus on bringing jobs back to the United States. Known as reshoring, it involves creating factories and building products here in the United States rather than abroad. In the past, manufacturing companies have opted to produce products overseas because of the tax breaks and other cost-savings benefits that it offers. Now, however, manufacturing companies are discovering that it’s cheaper and more efficient to produce goods here in the United States.

American manufacturing companies are also  benefiting from increased disposable income among consumers. As more consumers have disposable income in their bank accounts, they naturally purchase more products, thereby driving demand for manufactured products. This, of course, prompts manufacturing companies to hire additional workers to accommodate this demand.

Surprisingly, the American manufacturing industry has remained resilient amid tariffs. Even with tariffs being placed on exported products, manufacturing companies are still able to turn a profit and grow at a healthy rate.

The bottom line is that the American manufacturing industry continues to grow at a fast pace. Last year, more than 327,000 new manufacturing jobs were created. And in July alone, 37,000 new jobs were created. Whether this trend continues remains to be seen, but it’s safe to say that the American manufacturing industry is currently stronger than ever.