U.S. Manufacturing Poised for 250k Job Surge

Promising growth in the U.S. manufacturing sector is on the horizon, with thanks going to the Biden administration's signature bills: the Inflation Reduction Act and the CHIPS and Science Act. Goldman Sachs projects:

• New Jobs: Between 200,000 to 250,000 over the next two years.

• Historical Data: Every $1 million increase in manufacturing construction spending traditionally creates nine jobs.

• Projected Spending: Estimated at around $65 billion over the next two years.

Significantly, Arizona stands out, with around one-third of the total private investment planned here, a nod to significant commitments from giants like TSMC and Intel.

Source: Axios