boom to aid U.S. urban manufacturing jobs to 2020: report
Send a link to a friend
[March 21, 2014]
By Lewis Krauskopf
(Reuters) — Energy-intensive manufacturing employment will increase
by more than 1 percent a year in the United States through 2020,
with 72 percent of those jobs going to metropolitan areas, according
to a report released on Thursday.
The U.S. Conference of Mayors report on the economic impact of the
domestic oil and natural gas boom said manufacturing employment in
metropolitan areas has expanded by 1.7 percent per year on average
over the past three years. It said energy-intensive industries such
as fabricated metals and machinery were crucial parts of that
Energy-intensive manufacturing sectors added more than 196,000 jobs
in metro areas from 2010 to 2012, according to the report, which was
prepared by IHS Global Insight.
"We're all aware of the incredible impact the energy revolution is
having on our national economy," Virg Bernero, mayor of Lansing,
Mich., and chair of the conference's advanced manufacturing task
force, told reporters on a conference call. "The growing
competitiveness and increase in employment from these manufacturing
sectors are important to our cities and metro economies."
Manufacturing industries including steel, iron, fabricated metals
and machinery have benefited from the natural gas boom, the report
said. In U.S. metropolitan areas, employment in those industries all
increased by 9 or 10 percent between 2010 and 2012, according to the
[to top of second column]
Speaking on the call, Waterbury, Conn., Mayor Neil O'Leary said
savings from cheaper natural gas has helped manufacturers in
Connecticut fund retraining programs. "All that equates to jobs,"
Environmental activists and some U.S. communities have criticized
the removal of natural gas from shale in the ground using a process
known as fracking, saying it pollutes groundwater and causes other
Bernero said that, to his knowledge, the conference had no official
policy on fracking.
(Reporting by Lewis Krauskopf)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.