America Is Back in the Factory Business


Production at U.S. factories rose last year, but few things were produced at a more furious pace than factories themselves.

Construction spending related to manufacturing reached $108 billion in 2022, Census Bureau data show, the highest annual total on record—more than was spent to build schools, healthcare centers or office buildings.

New factories are rising in urban cores and rural fields, desert flats and surf towns. Much of the growth is coming in the high-tech fields of electric-vehicle batteries and semiconductors, national priorities backed by billions of dollars in government incentives. Other companies that once relied exclusively on lower-cost countries to manufacture eyeglasses and bicycles and bodybuilding supplements have found reasons to come home.

[snip]

Today U.S. manufacturing employment is holding steady at about 10% of the private sector, according to the U.S. Bureau of Labor Statistics, with nearly 800,000 jobs added in the sector over the past two years. The total number, 13 million, was virtually unchanged in the latest BLS jobs report.

[snip]

The industry is actually hurting for workers—about 800,000 more are needed, according to the National Association of Manufacturers—leading to concerns that labor shortages and other bottlenecks could short-circuit the boom.

“I can bring back all the orders I want; there will be no one to make them,” said Harry Moser, president of the Reshoring Initiative, which advocates for bringing manufacturing jobs back to the U.S.

Huge government incentives are stoking the frenzy. The Biden administration, seeing electric vehicles and semiconductors as matters of national security, has devoted billions of dollars to expanding those industries in the U.S. States are kicking in billions more.



We have had way too many manufacturing jobs open up in the past two years. Now there is an actual shortage of people to fill those jobs.

I blame Biden.
Ah good, ol' Capitalism at it again!
 
Joe Biden is president .. and continues to schmooze and seduce the Arabs for more production and cheaper prices ..
Cool. Now tell me about how much you hate alternative energy and want Islamic theocracies to control the world some more.
 
Cool. Now tell me about how much you hate alternative energy and want Islamic theocracies to control the world some more.
I 100% support domestic energy production, which the current administration hates and discourages .. and their response makes energy companies hesitant to invest in infrastructure to support current demands.
 
I 100% support domestic energy production, which the current administration hates and discourages .. and their response makes energy companies hesitant to invest in infrastructure to support current demands.
Domestic energy production is at record profits and near record output. If you think the U.S. could produce enough oil to negate the rest of the world's oil production, you must be a braindead MAGA.
 
So the industry standard PMI index is wrong?
No, the PMI index is correct. Demand has slowed, that's a fact. That is the actual goal the Fed is trying to achieve.

If you have a firehose blasting you in the face, and I turn it down a little, it is still quite a blast.

Demand has slowed, but not yet enough to quash the labor market. Our economy is going gangbusters which is why the Fed keeps raising rates.
 
Our relations with Saudi Arabia were great under bush and trump, and have gone to shit thanks to obama and biden
So should we be sucking their cock or not? You wet blankets seem to be at odds with each other.

Make up your minds and get back to us.
 
Domestic energy production is at record profits and near record output. If you think the U.S. could produce enough oil to negate the rest of the world's oil production, you must be a braindead MAGA.
Sorry .. as of 2020, 67 - 70% of all oil used by the United States is imported. You must be a Bidenite that ignores facts to support the regime.
 
So should we be sucking their cock or not?
Is that how it works in your life?

Either you suck or get sucked?

We had good relations with Saudi Arabia and no one sucked anyone
 
Everything about EV's are intended to make China the wealthiest nation on earth... Biden's help is just speeding up the process....
 
Our relations with Saudi Arabia were great under bush and trump, and have gone to shit thanks to obama and biden
Those goofs don’t pay attention to anything going on around them. The Saudis are actively working with the Chinese and Russians. After Trump had them making peace with the Israelis. It’s only been on several news sites. Oh wait, the liberal bubble sites don’t want to talk about that so the sheep don’t realize what’s going on. Do they even realize the long term consequences if the Saudis start selling oil to the Chinese and Russians before the United States?
 

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