Report: Energy Sector Drives Economic Recovery

Posted November 14, 2014 at 5:10am

Fuel Fix reports that “jobs in the oil and gas industry have helped U.S. employment numbers claw back from steep losses over the last decade, according to a new report from the Small Business & Entrepreneurship Council .”  

“From 2005 to 2012, U.S. employers shed 378,000 jobs, but over the same period, five oil and gas sectors — extraction, drilling, operations, pipelines and equipment manufacturing — added a combined 293,000 jobs.”  

“Employment at oil and gas operations businesses more than doubled during that decade-long span, and equipment manufacturing and pipelines each grew about 66 percent.”