Manufacturing in the United States
Key Facts
$2.87 Trillion
Value added to the economy comprising 10.1% of U.S. GDP in Q1 2024.
13 Million
People employed by more than 244K manufacturers in the U.S.
505K
Manufacturing job openings as of July 2024
$98,846
Average annual earnings for manufacturing employees
74%
% of manufacturing firms with fewer than 20 employees
3.8 Million
New manufacturing positions expected by 2034
93%
% of mfg employees eligible for health insurance benefits in 2023
53%
Manufacturing’s share of all private-sector R&D in the U.S.
$29,100
Per employee cost of federal regulations for manufacturers
$1.6 Trillion
Value of U.S. manufactured goods exported in 2023
