Reshoring Plus Foreign Direct Investment Added 171,000 U.S. Jobs in 2017
KILDEER, IL — In 2017, combined reshoring and related foreign direct investment (FDI) announcements surged, adding over 171,000 jobs, up 2,800% from 2010. Including upward revisions of 67,000 jobs in prior years, the total number of manufacturing jobs brought to the U.S. from offshore is over 576,000 since the manufacturing employment low of 2010.The 171,000 reshoring and FDI jobs announced equal 90% of the 189,000 total manufacturing jobs added in 2017.
Combined reshoring and FDI jobs were up 122% compared to unrevised 2016 totals and 52% compared to revised 2016 totals. The Reshoring Initiative largely attributes the huge increases to anticipation of greater U.S. competitiveness due to expected corporate tax and regulatory cuts following the 2016 election. Similar to the previous few years, FDI continued to exceed reshoring in terms of total jobs added, but reshoring has closed most of the gap since 2015.