Lake Charles Braces for Upcoming Labor Storm
Lake Charles Braces for Upcoming Labor Storm
SUGAR LAND--September 3, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Gulf Coast is at the heart of what most will categorize as the biggest innovation in energy development so far this century, Shale Energy. While crude oil findings are important to domestic petroleum refiners and continue to fuel the debate about whether to open up U.S. crude oil exports, the sudden abundance of natural gas and natural gas liquids is the main driver of industrial project activity in the Gulf Coast region--and these projects are large. Currently in the Gulf Coast region, Industrial Info is tracking 67 projects that have a total investment value (TIV) of $1 billion or more, resulting in a combined TIV of $168 billion.
Depending on planned project activity and timing, different metropolitan areas along the Gulf Coast will experience labor deficits at different times. Areas of expected high labor deficit include Corpus Christi, Greater Houston, and Beaumont in Texas, and according to Industrial Info's forecasts, the largest deficits by far will be in Lake Charles, Louisiana.
Industrial Info's Gulf Coast Region Labor Market Analysis, recently updated for 3Q14, provides detailed, insightful information on craft labor supply, demand and wage rates for 13 skilled crafts in eleven metropolitan areas along the Gulf Coast.
To learn more about this product, contact Industrial Info's VP of Labor Analytics, Tony Salemme, at tsalemme@industrialinfo.com or by calling (209) 547-9878.
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