Posted 4/5/2024, 6:29:00 PM
Manufacturing Job Growth Stalls Despite Major Government Investments
- Net total of 0 new manufacturing jobs created in March despite Biden administration spending billions to boost hiring
- Losses seen in machinery, primary metal, semiconductor chips, computer/electronic, and electrical appliance manufacturing
- Between IIJA, IRA, and CHIPS Act, over $1.2 trillion allocated in manufacturing subsidies and incentives
- Apparel, beverage/tobacco/leather industries also lost thousands of jobs
- Occurred despite Biden administration claims that programs would lead to massive job growth
