CEA report credits OBBB with 72,000 new manufacturing jobs in 2026

Key Points:

• A Council of Economic Advisors (CEA) report highlights the addition of 72,000 U.S. manufacturing jobs in 2026, reversing a prior decline of 200,000 jobs during the last two years of the Biden administration.
• The report credits President Trump's policies, including tariffs and the One Big Beautiful Bill Act (OBBB), which offers manufacturers a 100% tax deduction on new factory and equipment expenses, for encouraging reshoring and business expansion.
• Companies like Ohio-based Jergens and North Carolina's Ketchie Inc. have expanded their workforces and operations due to these incentives, with manufacturing wages rising by 7.9% since January 2025, equating to an inflation-adjusted $2,500 annual increase per worker.
• Investments in key sectors such as semiconductor manufacturing, pharmaceuticals, and automotive industries have surged, with Micron and Apple committing hundreds of billions to U.S. production facilities.
• Despite these economic gains, a Fox News Poll reveals ongoing voter concerns about inflation and cost of living, with 61% citing gas prices as a major issue and nearly two-thirds believing the economy has worsened under the current administration.