- February 1, 2024: Vol. 36, Number 2

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Report quantifies the critical relationship between labor and U.S. manufacturing growth

by Andrea Zander

Rapid expansion in North America’s advanced manufacturing sector promises to deliver significant economic impact to newly selected sites and their surrounding regions through added jobs, infrastructure improvements and substantial capital investments, according to a report by Newmark.

The top five markets in each size group of large, mid-sized and small metros represent nearly 50 percent of the additional advanced manufacturing jobs announced in recent years. Phoenix was identified as the No. 1 top-growth market, attracting 14 major project announcements expected to generate almost 15,500 jobs.

Large, relatively low-cost metros such as Atlanta, Detroit and Raleigh, N.C., also ranked among top markets for projected job growth, garnering 14 major facilities announcements with a potential for nearly 28,000 new jobs.

Following a nearly 12 percent decline (approximately 450,000 jobs) during the pandemic, advanced manufacturing payrolls have increased by more than 6

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