What is the difference between reshoring and FDI?

Reshoring is production returning to the US; foreign direct investment is overseas companies building capacity here. The Reshoring Initiative tracks them separately, and in 2024 the split was 64 percent reshoring to 36 percent FDI.

Do announced jobs actually appear?

Not all of them. Over two million jobs have been announced since 2010 and an estimated 1.7 million are thought to have been filled, so roughly one in seven has not materialised.

Is this an official government statistic?

No. It is compiled from public announcements by the Reshoring Initiative, an advocacy organisation. No government body publishes an equivalent series, so it should be cited with attribution rather than as official data.

Manufacturing workforce

Reshoring and FDI announced 244,940 US jobs in 2024

Companies announced 244,940 US manufacturing jobs in 2024: 156,973 from reshoring and 87,968 from foreign direct investment, across 1,412 separate cases.

The word doing the work is announced. These are commitments companies made public, not people hired. Over two million jobs have been announced since 2010, of which an estimated 1.7 million are thought to have been filled.

This page traces the figures to the Reshoring Initiative's data report and is explicit about the gap between an announcement and a payroll.

Data covers Reshoring Initiative job announcement data, 2024 (with 2010 to 2024 cumulative). Published 2026-08-16. Last reviewed 2026-08-16. Last updated 2026-08-16. Edited by Mike Ramsey / Reliable Media.

The figures and where they come from

Each figure is rated for how safely you can cite it today. Ratings judge current usability, not whether a number was ever correct.

Figure	What it is	Source	Citation Confidence	Notes
244,940	Total jobs announced, 2024	[A]	High	Reshoring plus foreign direct investment. Announcements made during 2024, not hires completed.
156,973 (64%)	From reshoring	[A]	High	Work returning to the US. In 2024 reshoring outpaced FDI by the widest margin since tracking began in 2010.
87,968 (36%)	From foreign direct investment	[A]	High	Foreign companies investing in US production. Counted separately from reshoring, and the two are often merged in coverage.
1,412	Separate cases	[A]	Medium	The number of distinct announcements behind the job total. Useful for judging whether a few very large projects dominate.
over 2 million	Announced since 2010	[A]	Medium	Cumulative announcements since tracking began, of which an estimated 1.7 million are thought to have been filled. The gap is the announcement-to-payroll shortfall.

Why the numbers disagree

Announced and filled are different quantities, and the source itself distinguishes them. Over two million jobs have been announced since 2010 against an estimated 1.7 million filled, so roughly one in seven announced jobs has not materialised. A citation that treats announcements as employment overstates by that margin, and the gap for any single recent year is unknowable because those projects have not finished.

Reshoring and FDI are separate categories that get merged. Reshoring is work coming back; FDI is foreign firms building here. They answer different questions about the economy, and the 2024 split was 64 percent to 36 percent.

The tracker is an advocacy organisation with a stated interest in the trend it measures, and its data comes from public announcements rather than a statistical survey. That does not make the figures wrong, and no government body publishes an equivalent series, but it means the number should be attributed rather than treated as an official statistic.

How to cite these figures

Say 'announced'. The correct form is that companies announced 244,940 US manufacturing jobs in 2024, not that 244,940 jobs were created.

Split reshoring from FDI when the distinction matters: 156,973 and 87,968 respectively in 2024.

Attribute it to the Reshoring Initiative, and note it tracks public announcements rather than payroll data.

If you need employment rather than announcements, use official employment statistics instead. These two answer different questions.

Where people go wrong

Reporting announced jobs as jobs created. The source's own cumulative figures show roughly 1.7 million filled against over 2 million announced.

Merging reshoring and FDI into one 'reshoring' number. They are tracked separately and describe different things.

Presenting it as an official statistic. It is a tracker maintained by an advocacy organisation, compiled from public announcements.

Comparing it directly with government manufacturing employment figures, which count people on payrolls in a given month rather than commitments made.

How we checked

The figures come from the Reshoring Initiative's own data report, retrieved as a PDF and confirmed to contain the 2024 totals, the reshoring and FDI split, the case count and the cumulative figure.

We report the announced-versus-filled gap from the source's own numbers rather than treating the headline as employment, because that distinction is the single largest cause of misuse.

We state the nature of the source plainly. No government body publishes a comparable announcement tracker, so this is the available series, and attributing it is what lets a reader weigh it.

We did not attempt to estimate how many of 2024's announced jobs will be filled. The source gives a cumulative ratio since 2010 and nothing year-specific, and deriving one would be our arithmetic rather than its finding.

Full source list

Primary sources, with live links. Every figure above traces to one of these.

[A]Reshoring Initiative2025
Reshoring Initiative, 2024 and 1Q2025 Data Report
https://reshorenow.org/content/pdf/2024-1Q2025_RI_DATA_Report.pdf

Common questions

How many jobs did reshoring create in 2024?: Companies announced 244,940 US manufacturing jobs in 2024, 156,973 from reshoring and 87,968 from foreign direct investment. Those are announcements rather than completed hires.
What is the difference between reshoring and FDI?: Reshoring is production returning to the US; foreign direct investment is overseas companies building capacity here. The Reshoring Initiative tracks them separately, and in 2024 the split was 64 percent reshoring to 36 percent FDI.
Do announced jobs actually appear?: Not all of them. Over two million jobs have been announced since 2010 and an estimated 1.7 million are thought to have been filled, so roughly one in seven has not materialised.
Is this an official government statistic?: No. It is compiled from public announcements by the Reshoring Initiative, an advocacy organisation. No government body publishes an equivalent series, so it should be cited with attribution rather than as official data.

More data, traced to source

US manufacturing jobs: 17.1 million in 2000, 12.6 million by 2018
US manufacturing employed 17.1 million people at the start of the century and 12.6 million by the time Congress's research service last counted, in 2018. Here are the figures behind 'manufacturing is dying' and 'manufacturing is back,' traced to that report.
The 2.1 million missing manufacturing jobs: what that number actually is
The claim that U.S. manufacturing will have 2.1 million unfilled jobs by 2030 is everywhere. It traces to a survey of about 800 executives rather than a government projection, and it is usually mis-attributed. Here is exactly what the number is.
US manufacturers spent $314 billion on new capital
US manufacturers spent $314.3 billion on new capital in 2022, up 10.6%, most of it on equipment. The hard dollar anchor behind 'factories are investing in automation,' from the Census Bureau's 2023 Annual Capital Expenditures Survey.