PA O&G Jobs Drop 32% in 2Q16, but O&G Jobs Double Over Last 9 Yrs

Last week the Pennsylvania Department of Labor and Industry released employment numbers for the Marcellus industry for the second quarter of 2016. Yes, you read that right--the jobs numbers released were for 2Q16, April through June. Why such a delay? Who knows!? What followed is instructive. The numbers show that year over year, from 2Q15 to 2Q16, those employed by the Marcellus industry went down by 32%. However, the same report shows overall those directly employed by the drilling industry doubled over the past nine years. Yes, we hit a down cycle and lost some jobs, but we're still light years ahead (and a heck of a lot better off) than where we were just a decade ago. Also keep in mind: we are once again on the upswing with jobs, since 2Q16...

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