IHS Global Insight finds that shale gas development has created 103,000 jobs in Pennsylvania.
http://www.post-gazette.com/stories/business/news/pa-ranks-just-after-texas-in-shale-jobs-667121/. The Commonwealth ranks second in shale gas jobs, behind Texas, according to the IHS new report that was funded in part by the oil and gas industry.
There is continuing controversy about the number of jobs created by shale gas development in Pennsylvania, with estimates ranging from less than 20,000 to as much as 240,000. I will be curious to see how the IHS analysis weathers likely critiques.
While the precise number of jobs created by shale gas in Pennsylvania is a matter of controversy, shale gas has certainly provided a significant boost to the Pennsylvania economy and at a time when every new job is especially needed. Indeed, in counties where drilling is concentrated, unemployment has fallen substantially.
Yet, across Pennsylvania, for the first time in 6 years, the unemployment rate is above the national average and has actually gone up since May 2012, even as the national rate falls. Since January 2011, Pennsylvania has the worse job performance of any state with a major oil and gas boom.
The gas industry alone is never going to be big enough to bring prosperity to all of the Commonwealth. Pennsylvania needs more than 6 million jobs to be at full employment, and so, if the IHS report is near the mark, the gas industry is providing less than 2% of the jobs Pennsylvania needs.