10 Fast Facts About the Backbone of the U.S. Economy
October marks National Manufacturing Month, a time to recognize the essential role manufacturing plays in our nation’s economy. From the products we rely on every day to the people who power the innovation behind them, manufacturing is a key pillar of U.S. growth. At SEEK, we’re proud to support both the talented workers and the forward-thinking employers driving the industry forward.
Here are 10 fast facts to highlight the importance of manufacturing in the U.S.—with a special focus on the contributions of workers and employers.
5 Fast Facts About Manufacturing Workers
A Growing Workforce: Manufacturing employs over 12 million people in the U.S., making up 8.4% of the total workforce. These individuals are the heartbeat of the industry, ensuring products get from the production line to our hands.
High-Value Jobs: The average manufacturing wage is significantly higher than the national average for all industries. Manufacturing jobs are not only plentiful but offer rewarding careers with great pay.
Opportunity for Advancement: Many manufacturing workers have the chance to move up the ladder without a four-year degree. Programs like apprenticeships, certifications, and vocational training offer pathways to higher-paying roles.
Pioneering Innovation: Manufacturing employees are at the forefront of technological advancements. Today’s manufacturing workforce operates in highly sophisticated environments using automation, robotics, and artificial intelligence.
Job Security and Growth: With an estimated 3.8 million new workers needed in the manufacturing sector by 2030, there is a high demand for skilled workers. The future is bright for those entering or advancing in this critical industry.
5 Fast Facts About Manufacturing Employers
Driving Economic Power: Manufacturing contributes more than $2.3 trillion to the U.S. economy every year, representing 11.1% of the national GDP. Employers in this sector are key economic drivers, supporting innovation and economic development across the country.
Committed to Workforce Development: To close the skills gap, employers are investing heavily in workforce development programs. By 2025, manufacturers are projected to spend $26.2 billion on upskilling employees, ensuring a competitive and prepared workforce.
Sustainability and Efficiency: Many manufacturing companies are leading the charge in sustainable practices, adopting energy-efficient technologies and reducing waste. In fact, U.S. manufacturers perform 60% of all private-sector R&D, driving environmental and economic innovations.
Supporting Local Communities: Manufacturing employers are deeply rooted in the communities they serve, providing jobs and economic stability. For every $1.00 spent in manufacturing, an additional $2.79 is added to the economy, helping local communities thrive.Global Competitiveness: U.S. manufacturing companies are competing on a global scale, maintaining their reputation for quality and innovation. They export more than $1 trillion in goods each year, positioning the U.S. as a leader in the global market.
Supporting Manufacturing’s Bright Future
As we celebrate National Manufacturing Month, it’s clear that both workers and employers play an essential role in ensuring the continued success of this vital industry. With a strong focus on workforce development and innovation, manufacturing is set to remain a powerhouse in the U.S. economy for years to come.
At SEEK, we are proud to partner with the manufacturing industry—connecting skilled workers with employers who are committed to building a brighter future. Let’s continue working together to drive the industry forward!
Resources
SEEK Manufacturing Jobs
MFGDay.com
themanufacturinginstitute.org
nam.org
