Great Lakes to Feel Tightening Skilled Craft Labor Market

Great Lakes to Feel Tightening Skilled Craft Labor Market

SUGAR LAND--January 6, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--As multiple large industrial projects are set to be under construction simultaneously in the Great Lakes region over the next few years, the area's demand for skilled craft labor is expected to steadily increase between now and 2016. Industrial Info forecasts that labor demand for eight skilled crafts, including welders, pipefitters, electricians and boilermakers, will rise by almost 5 million man-hours between 2013 and 2016 in the region.

After peaking at approximately 28.17 million hours in 2011, skilled craft labor demand in the Great Lakes region has been declining, reaching a trough in 2013 of 21.9 million hours. However, this is set to change. Industrial Info's most recent update of the Great Lakes Region Labor Assessment Annual Subscription forecasts that regional labor demand will climb to 26.8 million man-hours by 2016 and remain above 26 million hours through 2017.

Industrial Info's Great Lakes Region Labor Assessment Annual Subscription, which includes tracking of wage and per diem rates and labor utilization figures, is a subscription-based product that is updated quarterly, designed to provide recruiters and employment executives insight into where the highest and lowest craft labor populations exist, and the percentage rates of historical and forecast growth and contraction. To learn more about this product and the shifting labor market, contact Tony Salemme, vice president of Industrial Info's Craft Labor Group, at tsalemme@industrialinfo.com or by calling (209) 547-9878.

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