Skillit Releases Inaugural Craft Intelligence Report; Reveals The Top Competitive Markets for Skilled Labor in 2023

Skillit, the data-driven recruiting platform for skilled, full-time construction labor, today announced the findings from its first annual Craft Intelligence Report. The results reveal that continued commercial construction spending and hiring demands are amplifying the construction labor market as we head into 2023. The Skillit Craft Intelligence Report is an accumulation of insights gained from Skillit's purpose-built recruiting platform and its proprietary Skillit Relative Demand Score.

Based on 2022 trends, Skillit's analysis focused on four key trades: Commercial Carpenters, Operating Engineers, Solar Installers, and Superintendents. Using the Skillit Relative Demand Score, this analysis revealed that Austin, Dallas, and San Jose are among the most competitive markets across Commercial Carpenters, Operating Engineers, and Superintendents. Solar Installers are in extremely high demand in Dallas, TX, three times more so than in Miami, the second highest market.

The Skillit Relative Demand Score is a cross-MSA measure of short-term demand for identified trades relative to their available supply in specific markets. The values are standardized by trade to indicate where the demand is likely to be the highest (and lowest), also suggesting where wages will likely increase (or decrease).

Data from Skillit's recruiting platform, analyzing interview processes and demand in 2022, revealed that:

• Interview requests from September to October doubled
• Interview requests increased by another 24% from October to November
• The average time-to-interview decreased from 6.2 days in Q2 to 3.3 days in Q4

"2022 saw a shortage of about 650,000 workers, but as we dove into the data, it was obvious that shortage was not due to an actual lack of skilled workers, it was the inability to identify and make intentional connections between workers and employers," said Fraser Patterson, CEO and Founder, Skillit. "Our industry has a data problem. Taking a data-driven approach to the skilled labor shortage is a game changer. As the construction industry booms with the demand for infrastructure, manufacturing facilities and housing, it will increasingly be served by large, self-perform contractors as they can decrease cost and reduce risk. Skillit exists to unlock the opportunity of smarter and more efficient hiring processes as these trends accelerate."

To access the Skillit Craft Intelligence Report, visit https://skillit.com/craft-recruiting-report-q4-2022/.

About Skillit
Skillit is the first recruiting platform purpose-built for construction that uses data to solve the industry's biggest problem - the shortage of skilled labor. The company is on a mission to solve the skilled labor crisis by delivering technology and data solutions that meet the needs of both skilled workers and construction companies alike. Founded by an entrepreneur with personal experience as a General Contractor and Carpenter, Skillit connects the supply of skilled workers with contractor demand in the $1.6T annual construction industry. An end-to-end purpose-platform providing visibility into the full employee lifecycle, Skillit improves recruitment (supply and hiring process) and retention outcomes for the world's leading ENR contractors. Founded in 2021 and backed by venture capitalists, including Building Ventures, MetaProp, and HOLT Ventures, Skillit is delivering meaningful improvements to key metrics for hiring managers, including percent of offers accepted and time to hire. To learn more, please visit: https://www.skillit.com/