Jan 8, 2012

Thanks to the Oil and Gas Boom, ND, AK and TX Have Regained All Jobs Lost During Recession

...In percentage terms, December payrolls were 4.5% below the December 2007 level, see the chart above.

In contrast to the ongoing "jobless recovery" at the national level, there are three states that have now regained all of the jobs lost during the recession: North Dakota, Alaska and Texas (see chart above).  What do these three states have in common? They are all oil and gas rich, and have been adding thousands of mining and natural resources jobs over the last several years (12,000 in North Dakota, 2,200 in Alaska and 66,600 in Texas) to keep up with the increased domestic production of energy resources, mostly for shale gas and oil.   

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