2020 seems like ages away. For some people, it might be. But when it comes to the manufacturing world, 2020 is only a few short years away.
Although those six years will fly by, it has been projected that “energy-intensive manufacturing employment will increase by one percent each year, through 2020.
72 percent of these jobs will go to metropolitan areas, too.
The US Conference of Mayors found that the economic influence “of the domestic oil and natural gas boom” caused manufacturing employment in metropolitan areas to expand at a rate of almost two percent over the past three years on average.
Crucial parts of this growth were energy-intensive factories, like fabricated metals and machinery.
Without these energy-intensive manufacturing plants, current growth and future growth would not have been possible.
Between the years of 2010 and 2012, these energy-intensive factories created more than 196,000 jobs for unemployed and those seeking manufacturing jobs.
The Reuters article reports that the mayor of Lansing, Michigan and chair of the US Conference of Mayor’s advanced manufacturing task force, Virg Bernero said, “We’re all aware of the incredible impact the energy revolution is having on our nation economy. The growing competiveness and increase in employment from these manufacturing sectors are important to our cities and metro economies.”
The energy revolution he is talking about refers to the more gas and more oil that is booming within America.
Industries that have benefited greatly from the natural gas boom include iron, steel, fabricated metal and so much more.
The employment in these specific factories raised two percent in just the past two years. There is no other explanation for that large of a job in employment other than the energy revolution that is unfolding in front of our eyes.
But this energy revolution is not just solely creating new jobs. With all the savings earned from cheaper natural gases, companies are able to start “retraining programs”.
Though the US Conference of Mayors’ report focused on the positive of the booming natural gas output, they were consciously aware of how the “accelerated rate of U.S. oil and natural gas production has strained existing pipeline capacity.”
Part of his demand for pipelines has also lead to the increase of jobs created for steel, iron and machinery factories.
With 2020 seemingly so far away, it is no surprise that it seems reachable that employment will continue to soar for six years. But taking a step back, it’s amazing that something as simple and common as gas and oil can have such an effect on employment.