In 2013, Caterpillar, GE, and Ford each announced that they were going to bring some operations back to the U.S., thanks to rising costs overseas. And the Bureau of Labor Statistics reports that there are 12 million manufacturing jobs across the U.S.
So is that a sign of a turnaround?
A report by CNBC from June 2013 indicates that despite the increase in job openings over the last few years, the market will not likely return to its golden days, but there are some markets that are doing quite well in the manufacturing sector.
The top 20 states for manufacturing job creation, according to the CNBC article, are as follows:
- South Carolina
- North Carolina
Nevertheless, despite the optimism that seems to be out there regarding job creation in this sector, many analysts are cautious. The industries with the most growth seem to be as follows:
- Broadcast equipment
- Navigation systems
- Medical instruments