The U.S. oil and natural gas sector support more jobs compared to their counterparts in other countries, according to American Petroleum Institute (API) President and CEO Jack Gerard.
Reports such as those from PwC further highlight that more jobs await the industry, Gerard noted. The consulting firm issued a new report that the energy sector employs 10.3 million people, including an API 653 tank inspector. The figure represented an increase from 9.8 million workers in 2011.
The continual increase in jobs in the oil and natural gas sector stems from several industry segments, ranging from exploration to pipeline construction. Each direct job created in the industry also has a positive domino effect on employment, as 2.7 additional jobs are attributed to the industry.
When combined, these numbers inject $1.3 trillion into the U.S. economy, as well as generating over $714 billion of salaries in the U.S., or 6.7% of total income nationwide. By region, oil and gas companies employ more than 322,000 people in Pennsylvania, which is the second largest natural gas producer in the country. In New York, over 258,000 people are working in the fourth biggest consumer of natural gas in the U.S.
A recent U.S. Bureau of Labor Statistics report showed that some oil and gas companies have begun to hire workers in July for exploration and production. On the other hand, mining employment grew at a steady pace with 1,000 new jobs created in the same month. The industry hired an average of 7,000 people each month between November 2016 and June 2017.
The oil and natural gas sector undoubtedly supports a vast network of Americans for their means of livelihood, while supporting the economy at the same time. Do you think a job in the energy industry can be a good career option?