Chart of the Day: Drill, Drill, Drill= Jobs, Jobs, Jobs
The chart above displays monthly "natural resources and mining" employment levels in North Dakota (blue line, right scale) and Pennsylvania (red line, left scale) over the last ten years (data here). After more than a decade of flat employment levels for energy-related jobs in both states, employment levels recently have been booming, along with the Bakken oil boom in North Dakota and the Marcellus natural gas boom in Pennsylvania.
In just the last three years, energy-related jobs have almost tripled in North Dakota and almost doubled in Pennsylvania. And while the "Great Recession" crippled the U.S. labor market with job losses approaching 8 million, the recession had almost no effect on the shovel-ready, job-creating labor market for energy jobs in North Dakota and Pennsylvania.
Update: Here's the same data graphed on the same scale, for Larry G.