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Until recently, "Made in USA" used to be considered a dying brand. But now it could be seen on various Electrolux appliances, Rolls-Royces, Siemens gas turbines, cooling baskets, swimsuits, children's toys, even computer hardware. After two decades of receiving news that was mostly about this company outsourcing its production to China or the other, in recent times the US media are brimming of reports about new factories being opened back home. Or as the process is called, "reshoring".
The stories about the resurging US industry are supported by the prospects of half a million new jobs for 2013 thanks to the rebounding homebuilding industry, and the fact that for the first time in a long while, the number of employees in the production sector is growing. However, this optimism suffered some setbacks after the sequester that resulted from the political standstill in DC. The disappointing data about only 88,000 new jobs in March scared the job market somewhat, although the majority of experts continue to see a positive tendency in the long run. For example, Boston Consulting Group made a forecast of 2.5 to 5 million new jobs until the end of the decade, in result of the industrial revival and all the related businesses. Still, a closer look at the numbers draws a more complicated picture than the cloudless future everyone might be hoping for, and it reveals some interesting and important global tendencies.
( So what's causing this revival? )