The new law will provide $52 billion to boost U.S. semiconductor production, along with $170 billion more for scientific research and innovation.
The Alliance for American Manufacturing (AAM) was founded in 2007 by leading domestic manufacturers and the United Steelworkers, North America’s largest industrial union, with a clear mission: strengthen American manufacturing through smart public policies.
Manufacturing gained 30,000 jobs in July. The sector is now up 41,000 jobs from pre-pandemic jobs levels.
BUREAU OF LABOR STATISTICS
Capacity utilization for manufacturing stayed steady at 79.3% in June.
U.S. FEDERAL RESERVE
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