The shale industry remains phenomenally controversial. Not a week goes by without a study proving or disproving whether hydraulic fracking of the sedimentary rock poses dangers to area residents — and then is immediately contested by the opposing side.
Without acknowledging or accepting which side is correct (we believe both sides have strong cases), we wanted to present the economic effects the booming Marcellus shale resource industry has had on Pennsylvania’s economy.
Penn State has set up a website devoted entirely to the Marcellus, and we pulled the most interesting charts from their compiled reports.
Month-over-month employment growth statewide was +0.1%, while year-over-year was +0.8%. In the industry, month-over-month employment growth was +1.3%, while year-over year growth was +20.7%.
The average wage across all Pennsylvania industries for 2010Q4 through 2011Q3 was $47,233. The average wage in the core industries was approximately $80,328; the average wage in the ancillary industries was approximately $64,060.
For instance, the shale development areas of Pennsylvania just south of New York have workforces that are half as young as the rest of the state's workforce. Utility System Construction workers are 24.3% 14-24 year-olds.
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