Economy – U.S.
The contribution of natural gas jobs to America is clear. Natural gas not only provides the United States with a clean, abundant, and reliable energy source that is domestically-sourced, but also with millions of good paying American jobs and billions in revenue.
According to an in-depth economic analysis completed in 2009 by IHS Global Insight, the natural gas industry supports more than 2.8 million jobs in the United States.
The economic impact of the industry is notable as well: Natural gas contributed $385 billion to our nation’s economy in 2008 alone. Click on the image below to view key impacts of natural gas on the U.S. economy.
In addition, the benefit of direct employment by the natural gas industry is unmistakable:
- Natural gas companies directly employed roughly 622,000 Americans in 2008
- The natural gas industry indirectly sustained almost 2.2 million additional jobs the same year.
- The industry generated over $70 billion in direct income for workers
- Just these direct jobs had an overall value-added impact of $172 billion on the U.S. economy, including
- Salaries
- Benefits
- Expenditures and savings funded from compensation and revenues
- Federal, state, and local tax revenue
- Royalties to landowners, federal agencies
Download the one-page fact sheet (PDF), the executive summary (PDF) of the study, or the full report (PDF). You can also learn more about specific economic impacts on select states.