SOURCE: Industrial Info Resources

Industrial Info Resources

March 23, 2015 06:00 ET

Bakken Shale, Surrounding Area to Experience Spike in Labor Demand, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Mar 23, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In the past few years, much of the attention in the upper Midwest has been on North Dakota and the development of the Bakken Shale. The Duluth area and northern Minnesota traditionally have been fairly modest for industrial-project spending, averaging approximately $1.57 billion annually over the past five years. However, according to Industrial Info Resources' recently prepared Craft Labor Analysis and Forecast for Minnesota and North Dakota, the region could see a sharp uptick in project activity in 2016 and 2017, driving up demand for craft labor.

Planned investment for industrial capital and maintenance projects in northern Minnesota is expected to more than double in 2016 and 2017, rising to $4.8 billion and $3.9 billion, respectively. The bulk of this planned spending comes from the Metals & Minerals, Pipelines and Power industries. Industrial Info is currently tracking active projects in the region valued at more than $14 billion, and more than half of this planned investment comes from the state's booming mining sector.

Within this article: Details on labor demand in the northern Midwest.

In addition to providing forecasts for labor supply, demand and wage rates for 12 crafts, Industrial Info also quantifies the number of shortages and travelers for each craft in the analysis subscription. To see a demonstration on Industrial Info's labor analysis and risk assessment tool for the Bakken and Upper Midwest Region, with wage rate and per diem tracking, please contact Tony Salemme, vice president of Industrial Info's Craft Labor Group, at (209) 547-9878 or tsalemme@industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten 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. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Tony Salemme
    vice president of Industrial Info's Craft Labor Group
    (209) 547-9878
    Email Contact