Manufacturing Job Growth Stalls Despite Wider Economic Boom

• Factory employment flatlining despite wider job market boom; attributed to high interest rates, slowing economy, end of COVID goods demand surge • Biden administration contends it's too soon to see full impact of efforts; manufacturing investments take 6-8 quarters to translate to jobs • Large manufacturers like Deere, Whirlpool announcing layoffs and hiring freezes, impact compounded when multiple local employers cut • Share of manufacturing jobs declined steadily for decades due to automation, global competition; leveled off pre-pandemic • Alliance for American Manufacturing says construction boom creating related jobs for now; actual factory jobs from investments still to come