Construction spending for new factories in the U.S. has more than doubled over the past year, new data from the Census Bureau shows.
Construction spending for factories reached $190B in April, far above the $90B reached in June 2022, Business Insider first reported. Manufacturing accounted for roughly 13% of nongovernment construction.
Roughly 200,000 manufacturing jobs have been added in the U.S. over the past two years, with 13 million workers employed in the industry today, Insider reported, citing figures from the Bureau of Labor Statistics jobs report from May.
The boom in manufacturing construction comes as billions of dollars in federal government spending start to…