Carpe Diem

Labor market fact of the day: Shale oil = jobs, jobs, jobs

Labor market statistics for March:

1. North Dakota: US state with the lowest unemployment rate at 3.3%.

2. Williams County, ND: US county with the lowest unemployment rate at 1%.

3. Midland, TX: US metropolitan area with the lowest unemployment rate at 3.1%.

What is the common factor here? These cities, counties and states are in regions experiencing booming, job-creating economic growth because of one common factor: shale oil.   

8 thoughts on “Labor market fact of the day: Shale oil = jobs, jobs, jobs

  1. The free market has done a much more effective and cheaper job than government, and without government help, reducing the U.S. and global oil shock of the 2000s and 2010s.

    • Of course, government created a depression, trillion dollar budget deficits, and expensive solar energy to deal with the oil shock.

  2. Not only does shale oil and gas production provide jobs, they’re good jobs too. While Obama’s plan might have increased the number of minimum wage jobs at Wal-mart, these shale oil energy patch jobs pay middle class wages to young blue collar men in exchange hard and honest labor.

    Think how dismal the economic recovery would have been without these jobs, which happened in spite of the Obama administrations policies. Which is why you seldom hear of it on the major news media.

    • juandos

      Heh! That open letter to the NY Farm Bureau is really funny. The cited study shows that during the period 2007-2011 the number of gas wells that were drilled increased, while the size of dairy herds and total milk production decreased.

      There is no connection made between the two trends, but the inference is obvious, and suggests that fracking has a negative effect on the dairy industry.

      It is also inferred that fewer dairy cows and lower milk production are bad things, without an explanation of why that would be true.

      What the numbers also indicate, however, is that during that period, milk production in every case decreased by a smaller percentage than the decrease in herd size.

      My conclusion might be that gas well drilling and fracking have a POSITIVE effect on the dairy industry. and therefore should be encouraged.

      • My conclusion might be that gas well drilling and fracking have a POSITIVE effect on the dairy industry. and therefore should be encouraged“…

        Well ron H before you go off on a “I ♥ fracking” campaign let’s consider the wise words of Yoko Ono: “Basically, if we don’t do something about it (Fracking), we’re all going to die“…☺

        • Basically, if we don’t do something about it (Fracking), we’re all going to die…

          Geez. That would be a serious downer.

          • Geez. That would be a serious downer“…

            Well ron h it makes me wonder if this is the residual effect of spending to much time on the Grist web sty…☺

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