Stabilization of the US Manufacturing Sector and Its Impact on Industrial Space
By: L. Nicholas Ronderos, Regional Planning Association
A study by the NAIOP Research Foundation concludes that the reshoring trend of manufacturing industries to the United States yields stabilization of jobs, but not net growth. Some industries will add jobs as others shed them, resulting in no change to the total number of manufacturing jobs but halting a decades-long trend of losing more jobs than added.
The manufacturing sector is expected to level off at an employment level of roughly 11 million jobs between now and 2020, after losing 6 million jobs between 2000 and 2010. While industrial-related jobs are projected to stabilize, service-based jobs are expected to grow on a net basis. The result is that 20 million net new jobs are projected to be created in the United States between 2013 and 2020, compared to a slight loss of about 5 million jobs between 2000 and 2010.