This is Part 3 of a three-part series that examines how to
find and leverage local labor data during the site selection
process to help generate solutions during a labor
shortage.
At a time when job openings for skilled labor positions hover
near all-time record levels, U.S. companies are facing the unique
challenges that come with labor shortages and skills gaps within
certain workforces. Whether the culprit is Baby Boomer retirement,
competitive wage issues, or inability to attract skilled workers to
certain locations—or all of the above—we are
experiencing a rare moment when the demand for labor is greater
than the supply. And it has resulted in one of the most competitive
labor markets in over a decade.
