Democrats are falling short on their goal to add nearly 1 million manufacturing jobs through the Inflation Reduction Act (IRA) over the next decade.
Senate Democrats boasted following the signing of the IRA that the legislation would create over 936,000 “clean” manufacturing jobs over the next decade, relying on a projection from the BlueGreen Alliance, a group that advocates for green union jobs, according to a fact sheet released in September 2022. Since September 2022, the U.S. economy has only added 62,000 jobs in the manufacturing sector and only 20,000 over the last year ending in April, according to the Federal Reserve of St. Louis (FRED). (RELATED: Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy)
To be on track with the Senate Democrats’ estimate, manufacturing would have to add 7,800 jobs a month, which would equate to 156,000 as of April. The…
