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KSM Blog | Katz, Sapper & Miller CPA

U.S Manufacturing Renaissance

Posted 5:15 PM by

Is the United States on the verge of a manufacturing renaissance? The data from MarketWatch related to on-shoring and re-shoring would suggest exactly that! Since the end of the recession, the U.S manufacturing sector has added approx. 500,000 new jobs to the economy. This is the first time the sector has seen growing employment since the mid-90s.

Most research supports the idea that these jobs are coming from U.S. companies re-shoring their production back to the U.S. However, MarketWatch reports that foreign companies increasingly see the U.S. as a good outsource location for their production (on-shoring). 

In the end, it will be difficult to tell if this results in an overall net gain or an overall net loss of jobs for the U.S. But it is a good sign that U.S. manufacturing is starting to gain momentum again!

About the Author
Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group. Justin works with clients to help ensure accurate financial reporting, keeping an eye on their bottom line, helping them avoid risk and maximize efficiencies. Connect with him on LinkedIn.

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