Goldman Sachs analysts expect manufacturing jobs to grow by 200,000 to 250,000 over the next two years and factory construction to rise 10 to 15% through the end of 2023, the investment banking firm reported this week.
This forecast builds on the growth that the Biden administration has already extolled. In June, the Treasury Department announced a “striking surge” in factory construction, which has doubled since the end of 2021. Meanwhile, private companies have invested $503 billion in U.S. manufacturing across a wide swath of industries and regions since President Biden took office.
