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Impact of Shale Development

By Greg Russell

Crain's Cleveland Business has an interesting article on the impact shale development has had on one Pennsylvania county:  "Unemployment is nearly two points lower than the national average. Population didn’t fall during the last decade; it increased. Major national and international businesses have moved in, hiring mostly from the local labor market."  More?  "In 2011, the county enjoyed a 4.3% increase in employment growth, the third-highest in the country, according to the U.S. Bureau of Labor Statistics. The unemployment rate stands at 6.6%, well below the national average of 8.3%, and a full percentage point lower than Pennsylvania’s 7.6%."

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Tags: Marcellus, Energy, Utica, Shale

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