Industrial Labor Market Forecasts

As part of our forecasting, Industrial Info provides a unique view of the historical, current and future supply, demand and wage information for skilled craft labor. Sizing future supply and demand across multiple crafts by labor hours, headcount and cost of labor enables planners to support longer-term training and recruitment needs, so that they can be completely aligned to the current and future needs of the market.

 

IIR's labor information is derived from the forward-looking and historical project information available in our databases of more than 10,000 capital projects and 7,000 maintenance turnarounds, outages and shutdowns reported annually. Our modeling captures total spending for the market, using historical and future project information, leading economic indicators, as well as commodity and labor pricing forecasts to establish our estimates for each year.

 

IIR can provide customized reports for different crafts and areas of your choosing. Our subscribers benefit from quarterly updated labor supply/demand forecasts, which enable them to support their labor planning, deployment and strategies and their longer-term training and recruitment initiatives so that they are completely aligned to the current and future needs of the market.