IHS Global Insight: Study of Jobs and Job Growth
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Data Seconded by EmploymentCrossing Job Research Data
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Job search data at Employment Crossing affirms the jobs trend emphasized by the IHS Global Insight report. (The report was funded by the oil and gas industry).
PWWEB News, December 26, 2012
A newly released study by IHS Global Insight claims that unconventional oil and gas production have become an engine of job creation and economic growth.
According to the report, America’s New Energy Future – The Unconventional Oil and Gas Revolution and the US Economy, shale energy has created at least 576,000 jobs in Texas, 102,600 jobs in Pennsylvania, 96,500 jobs in California, 78,900 jobs in Louisiana, and 77,600 jobs in Colorado. The report also claims that by 2020, Louisiana and Colorado would be displaced from their position in the unconventional oil and gas sector by Oklahoma and Ohio. The report was published in December and is co-sponsored by the U.S. Chamber’s Institute for 21st Century Energy.
The IHS report claims that already in 2012, employment in the entire unconventional oil and gas production sectors have added more than 1.7 million jobs to the economy. This number is expected to grow up to 2.5 million jobs by 2015, and 3 million jobs by 2020.
According to the IHS direct employment in the sector consists of about 20% of the jobs actually resulting from unconventional oil and natural gas activity while the rest is contributed by indirect and induced employment.
Job search data at Employment Crossing affirms the jobs trend emphasized by the IHS report.
Right now, as of 26th December, 2012, EmploymentCrossing lists about 50,766 job openings in Texas, out of which 7,863 jobs were in the oil and gas sector. However, a great number of the jobs in the sector, which varied from legal jobs, engineering jobs, and blue-collar jobs to accounting jobs were not directly into production of oil and gas, but indirectly supported by the industry or induced by it.
Pennsylvania shows about 75,158 total job openings on EmploymentCrossing, out of which 904 current jobs were related with oil and gas production though only 99 current openings had to do directly with the production of gas and oil. Similarly, California shows about 210,575 current job openings on EmploymentCrossing, out of which 1,569 oil and gas related jobs were there, though there were only 142 current openings in work directly in oil and gas production.
Speaking on the seeming anomaly about numbers, Harrison Barnes, the CEO of EmploymentCrossing said, “Live job openings in the oil and gas sector on job boards always remains few in number, because they are filled usually within days, and cease to be listed on EmploymentCrossing. However, the ratio of job distribution in the gas and oil sector as highlighted by the IHS report is very valid, because, as job openings listed on EmploymentCrossing show, about 20% of the jobs are directly into oil and gas production lines and 80% are indirect jobs associated with the industry. For example jobs of analytics, consultants or the jobs of attorneys with oil and gas experience would not be categorized directly under oil and gas jobs as they are not working at production lines.”
The original version of the above article is on the PRWeb Internet site.
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