US Adds 72,000 Factory Jobs in 2026 as Trump Touts $11 Trillion Re-shoring Boom
Updated
Updated · Fox News · Oct 10
US Adds 72,000 Factory Jobs in 2026 as Trump Touts $11 Trillion Re-shoring Boom
1 articles · Updated · Fox News · Oct 10
Summary
72,000 manufacturing jobs were added in 2026, according to a White House CEA report that credits Trump’s re-shoring push, tariffs and the One Big Beautiful Bill Act.
$11 trillion in second-term US investment and a new $15 billion Mesabi Metallics steel plant in Iowa underpin that claim; the project is expected to create more than 1,700 manufacturing jobs.
100% expensing for factories and equipment is cited as a key driver, with Ohio-based Jergens expanding into Illinois and North Carolina’s Ketchie increasing its workforce by 25% after buying machinery.
7.9% wage growth for manufacturing workers since January 2025 translates into nearly $2,500 more a year on average, while construction has added 100,000 jobs, the report says.
The upbeat jobs and investment figures land weeks before the midterms, even as Fox News polling shows 61% of voters see gas prices as a major problem and nearly two-thirds say the economy is worse under Trump.
Will an $18 billion steel mega-project revitalize American manufacturing, or will its parent company's troubled financial history lead to another broken promise?
How will a massive shift toward lower-emission electric arc furnaces reshape the future of heavy industry and local economies in the Midwest?