SOURCE: Industrial Info Resources

Industrial Info Resources

February 11, 2016 07:30 ET

As U.S. Craft Labor Supply Tightens, Learn More From Industrial Info's Webinar

SUGAR LAND, TX--(Marketwired - Feb 11, 2016) - Event Announcement from Industrial Info Resources (Sugar Land, Texas) -- As labor availability throughout North America tightens in the 2016-17 time period, clients consistently turn to Industrial Info Resources to better understand craft labor supply, demand and wage rates.

On February 24, Industrial Info will be conducting a complimentary webinar titled, "Construction Labor Shortages Escalate with Increased Maintenance Turnarounds in 2016," in which we will be highlighting how planned turnaround schedules in the coming year are tightening labor supply dramatically in the U.S.

The Gulf Coast region, in particular continues to experience tightening demand in its labor market. Last year, the region experienced a 24% rise in labor demand, primarily due to capital work in the petrochemical and LNG sectors, and this year labor demand is set to continue escalating, in large part because of increased maintenance turnaround activity in the Petroleum Refining and Petrochemical industries. For the past 12 months, improved refining margins have caused refiners to work their equipment to its limit, and many unit repairs and overhauls will be performed in the coming months.

In addition, refiners will undergo Tier 3 gasoline standard modifications and revamps this year. In the Chemical Processing Industry, Industrial Info is tracking a 17% increase in the number of planned major turnarounds at U.S. plants in 2016. In an already troubled labor market, this increase in maintenance turnaround activity will only deepen the existing construction labor deficiencies, creating a bidding war for skilled craft labor.

Join us February 24 for Industrial Info's webinar as we discuss these issues. You will gain a better understanding of:

  • Where and when the labor constraints are likely to escalate due to planned maintenance turnaround activity.
  • What the forecast suggests for labor demand in critical parts of the country, such as the U.S. Gulf Coast Region.
  • What movements are expected in non-union labor wage rates over the next two years.
  • Industrial Info's database solutions to keep you on top of capital and maintenance activity and related labor analytics.

Make sure to RSVP today!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at www.industrialinfo.com.

Contact Information

  • Contact:
    Brian Ford
    (713) 980-9393