The American mining jobs boom
America's mining job market is booming, with a 13.4 percent gain in the month of January.
Another noteworthy news from the latest employment report is that the boom in mining (including oil extraction) employment continued. Whereas overall employment rose 1.5% and overall private sector employment rose 2% in the year to January, mining employment gained as much as 13.4%. While it even after that gain was only 0.6% of total employment, its increase was 4.6% of the total increase in employment.Skip to next paragraph
Stefan is an economist currently working in Sweden.
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And that's only counting the direct employment in that sector. Add to that the jobs created by the demand from all those newly hired workers. The inflow of all those workers into the state who has benefited the most from the mining boom, North Dakota, has also created a construction boom in that state.
Though not the only factor, the direct and indirect effects of this mining boom is therefore an important factor behind the recent uptick in U.S. growth.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. This post originally ran on stefanmikarlsson.blogspot.com.