SOURCE: Industrial Info Resources

Industrial Info Resources

December 02, 2010 05:20 ET

Skilled Labor Shortfall Could Complicate North America's Emergence From Recession, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 2, 2010) - As the North American economy continues to grow slowly, industrial project owners are cautiously releasing capital and maintenance spending dollars, which likely will translate into increased demand for skilled craft labor like boilermakers, millwrights and pipefitters. An IIR tool, the Manpower Market Analyzer, is being used by cost estimators and construction managers to track demand for skilled craft labor in metropolitan statistical areas (MSAs) across North America. This tool helps organizations better estimate the cost for labor in different MSAs, while alerting them to potential supply-demand imbalances that could delay projects or cause costs to escalate. 

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR'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. For more information send inquiries to manpower@industrialinfo.com or visit us at www.industrialinfo.com.

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