Company executives, job seekers and others can’t get enough of labor market data – and Northeast Indiana Works aims to keep it coming.
The organization Monday released its inaugural monthly labor market information report, which will examine trends in various sectors, wages, certifications employers are seeking from candidates and related statistics.
Gary Gatman, vice president for strategic initiatives at Northeast Indiana Works, said the new monthly report grew from employers and workers requesting the up-to-date market happenings.
This is as real-time as we can get, he said. We started off with manufacturing since it is our largest employer.
Job growth in the sector is expected to rise 2.3 percent during the next decade, according to a projection by the Community Research Institute at IPFW. Manufacturing job growth in the region is expected to be particularly strong in motor vehicle body and trailer development, and architectural and structural metals.
Manufacturing jobs are expected to grow almost 4 percent in 2014 – to 78,881 from 75,924 – taper slightly through 2018, then pick up again through 2024 to 80,659.
Gatman is forced to curb his enthusiasm because long-range projections are always subject to supply and demand.
Other industry sectors in northeast Indiana also likely to blossom are health care and social assistance, 28.5 percent; construction, 26.5 percent; and transportation and warehousing, 20.3 percent.
Overall, the number of jobs in 11 northeast Indiana counties is expected to rise 11.6 percent over the next 10 years.