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Job Growth Comes to a Halt in Key Energy States

Layoffs in the oil and gas sector are now clearly weighing on overall employment in the top-tier energy-producing states. Our pic-of-the-week illustrates the sharp slowdown in job growth in the energy states relative to the non-energy states in just the past six months.  In sharp contrast to the strong labor market conditions enjoyed in most other states, 

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Small Differences in Education Drive Large Income Gaps Among States

Yes, those states with the highest education levels do tend to have the highest average incomes. In fact, the relationship is remarkably strong and consistent across the 50 states. Our pic-of-the-week shows the relationship between per capita income and the average number of years of schooling across the states in 2013. As you might suspect, the traditional high income (e.g. MA, CT, MN, CO, NJ, MD) and low income (e.g. WV, MS, AR, KY, AL) states generally have education levels to match.

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Yes, the U.S. Has Nearly Single-Handedly Tilted Global Crude Markets

Is the U.S. the only major crude producer with large production gains that are driving crude prices? The short answer is, yes. Since early 2009, more than half of the net gain in worldwide petroleum production is attributable solely to domestic U.S. gains. As our pic of the week shows, total worldwide petroleum production – which includes crude oil, liquids, condensate, and refined petroleum products – is up about 10 million barrels per day since early 2009. The U.S. accounts for nearly 6 million barrels of the gain.

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