Manufacturing Job Gains Still in Distance Despite Biden Aims for High-Tech Boost

Factory employment has been flat while the wider job market has boomed over the past year. Biden's policies aim to boost jobs in semiconductors, EVs, and green tech.

Manufacturing outlook is weak due to high interest rates, slowing economy, and end of COVID demand surge. White House says it's too soon to see full impact of policies.

Companies like Deere, Whirlpool, 3M announcing layoffs and hiring freezes rather than mass cutbacks.

Manufacturing jobs at record low 8.2% of US employment in Feb 2023, down from 22% peak in 1979.

Boom in factory construction creating related jobs now, but direct factory jobs still down the road. Actual gains may not occur until 2025.