Falling Imports, Energy Costs and Unemployment – Thanks to U.S. Energy
Posted October 13, 2014
Fracking Boom Has Been a Jobs Boon for North Dakota
Detroit Free Press: Ground zero for America's "shale revolution" in gas and oil production, North Dakota is also the reigning title-holder for lowest unemployment among the 50 states.
There were more unfilled jobs in September than job applications within the state, where oil field workers can make six-figure salaries and even the fast-food restaurants dangle hiring bonuses of $300 or more. The state has been recruiting specifically from Michigan for workers of all stripes and skill levels — hoping to entice entire families to relocate and grow roots.
North Dakota's official 2.8% jobless rate in August is essentially full employment, allowing just about anyone who wants a job to get one. At the same time, Michigan's rate of 7.4% was stuck above the 6.1% national average. (The national rate was 5.9% in September.)
North Dakota's roaring economy has been the envy of state governors and, for proponents of fracking, a shining success story for how an energy boom can produce a job boom, even for workers in professions that aren't directly related to extracting natural gas and oil.
Read more: http://on.freep.com/1p66Ii8
More industry news:
Drilling in Backyards Equals Cash for Landowners: http://on.freep.com/1p64bEV
Shale is Lighting up a New Era of American Optimism: http://bit.ly/1p62ib9
Oil and Natural Gas Investment in Ohio Hits $3.5 Billion Over Past Six Months: http://bit.ly/1rqucOE
Forum: Why the U.S. Should Export Crude Oil: http://strib.mn/1EPUZON
Oil Patch Strikes Gusher of Falling Prices for Consumers: http://bit.ly/1rquxRx
Plotting an American-Style Fracking Revolution in Britain: http://on.wsj.com/1saeOKa
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
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