Monday, March 14, 2016

Despite being large energy producers, these US states are losing jobs

North Dakota, Wyoming, West Virginia, Oklahoma, Louisiana and Alaska are the largest energy producers, but they have suffered with a huge unemployment rate from January 2015 to January 2016. One of the reasons for such a decline is due to the shift from electricity producers to a much cleaner option - natural gas. 
Hilary Clinton made a remark at a town hall meeting stating that they are going to put a lot of coal miners out of business but at the same time provide federal money to out of work coal miners, allowing them to find other jobs. This transition would not be easy as not many opportunities are provided to them and if they are provided, they wont be well paid. For example, West Virginia being a poor state provides its coal miners with an average of $29.67 per hour and the next closest industry to coal mining is construction which provides workers with an average of $24.59 per hour. Again, a job is available but it is offering them a lower wage, which can be discouraging.

http://www.marketwatch.com/story/why-these-six-states-lost-jobs-in-the-past-year-2016-03-14

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