retail news in context, analysis with attitude

MarketWatch reports that "Made in the U.S.A. is hot again, and the number of manufacturing jobs that are returning to the U.S. - or coming to the U.S. for the first time - from overseas has hit a record level."

According to the story, "Sixty thousand manufacturing jobs were added in the U.S. in 2014, versus 12,000 in 2003, either through so-called reshoring, in which American companies bring jobs back to the U.S., or foreign direct investment, in which foreign companies move production to the US ... In contrast, as many as 50,000 jobs were 'offshored' last year, a decline from about 150,000 in 2003."

That means, MarketWatch writes, a net increase of at least 10,000 jobs, which is "the first net gain in at least 20 years."

The numbers come from a study by an organization called the Reshoring Initiative.
KC's View:
I was curious, just for context, if the Reshoring Initiative has any sort of obvious political connections that could influence the way the numbers are calculated. So I checked, and the answer is no. The organizations that sponsor the Reshoring Initiative seem to be all trade associations, manufacturing companies and a couple of banks - hardly obvious bastions of liberalism.

And the site seems assiduously non-partisan. Just FYI.

Maybe there's really something happening here.

The story also makes the point that "among the world’s top 10 export economies, the U.S. last year ranked No. 2 - behind only China - for cost competitiveness, according to the Boston Consulting Group, with real estate and natural gas and other energy prices tending to apply downward cost pressure in the U.S." And, a 2013 Gallup poll "found 45% of Americans saying they had made a special effort to buy U.S.-made products. The survey showed 64% said they would be willing to pay more to buy a U.S.-made product than a similar item made overseas."