LoginGrowth in the oil and gas industry continues to boom, as new forecasting predicts their continued expansion will produce more than a million new jobs by the end of the decade while more than 4,000 new employees should be hired as shale production ramps up.
Not only is job growth increasing heavily when it comes to oil and gas, it's boosting the entire economy in effect, according to ABC News. Jobs in drilling, transportation, chemicals and fracking, among other production necessities, have had very positive effects on income and trade. Unconventional oil and gas now employs more than 1.7 million workers in the United States and predictions by economic consulting firm IHS predict they'll grow close to 3 million by 2020.
In the Marcellus and Utica Shale region of the country, located in the northeast, oil and gas companies plan to hire more than 4,000 employees for shale production. Jobs are plentiful in every field from engineering and construction to operations, maintenance, health, safety and administration, according to Daily Finance. Demand for trained technical workers, along with welders, has largely driven this job growth, and the local economy has flourished – 96 percent of new hires were local candidates.