Some of these states in the Midwest have the lowest unemployment rates in the U.S. because of the jobs that are being created through oil production.
Pasadena, CA (PRWEB) March 02, 2013
U.S. crude oil production for November and December 2012 was at its highest levels since December 1992, according to a new report released Thursday by the EIA. Oil production, particularly in the Midwest, has been responsible for the consistent employment growth found on Hound.com.
The U.S. Energy Information Administration (EIA) released its monthly report on petroleum supply and found that U.S. crude oil production exceeded an average of 7 million barrels a day between November and December of 2012. This represents the highest levels of production since December 1992. The EIA found that most of the growth in oil production has been a result of increased production in North Dakota and Texas. The revised data for November was higher than anticipated and was the latest signal of a consistently strong oil industry.
The oil boom in the Midwest has brought jobs to a region of the U.S. that was one of the hardest-hit during the economic downturn. While job seekers have struggled to find work in other industries or parts of the country, employment in the oil industry is plentiful in the Midwest. Much of the jobs boom has come on the heels of new technology for shale extraction, or fracking.
Not all of the jobs have been specifically in oil production. The oil boom has had a trickle-down effect for businesses and employment at the local level. Plenty of workers have flocked to these oil boom towns, and residents have benefited from the business and money pouring into their communities.
The EIA’s latest data confirmed hiring trends in oil production on Hound.com, a leading job site. As of the time that this release was written, the site reported 4,615 jobs in oil and gas. Hiring has been steady over the past few years at all levels of oil production, from more technical work like maintenance and operations, to managerial or engineering.
“It has been extraordinary to see how quickly the U.S. is becoming a player in crude oil production,” said Harrison Barnes, CEO of Hound.com. “The best part is that the oil industry is propelling economic activity in many of the cities where development is centered. Some of these states in the Midwest have the lowest unemployment rates in the U.S. because of the jobs that are being created through oil production.”
Hound.com is a job search site based in Pasadena, CA. It is a part of the Employment Research Institute and owned by A. Harrison Barnes.