<p>We apply the synthetic control method to analyze the initial effects of nearshoring on labor outcomes in Mexico’s manufacturing sector. Our methodology compares jobs, earnings, and productivity between industry groups more likely to benefit from nearshoring, as identified through a novel propensity index, and a counterfactual constructed from potentially less affected sectors. Our results indicate that nearshoring is generating early gains in manufacturing jobs but has not yet led to improvements in wages. Furthermore, we did not observe a consistent impact on productivity, although some specifications suggest a modest positive effect in industries with a higher nearshoring propensity. While nearshoring remains in its nascent stages and its full effects may take time to materialize, our findings highlight its initial implications for the Mexican manufacturing sector. We emphasize the importance of closely monitoring this process to avoid replicating the maquiladora model challenges, which created jobs but yielded limited improvements in productivity and wages.</p>