The oil and natural gas industry’s rate of U.S. job growth has far outpaced the economy as a whole in recent years as production has surged, federal data shows.
“From the start of 2007 through the end of 2012, total U.S. private sector employment increased by more than one million jobs, about 1 percent. Over the same period, the oil and natural gas industry increased by more than 162,000 jobs, a 40 percent increase,” the federal Energy Information Administration said in a brief report Thursday.
The report, which cites Labor Department data, notes that oil industry-related jobs have recovered quickly from the recession. Check out the whole thing here.