Texas oil and gas industry now supports 1 in 6 jobs, study says

The booming oil and gas industry in Texas now supports about 17 percent of jobs in the state, either directly or indirectly, according to a new economic analysis.

Total yearly economic benefits generated by the state’s oil and gas industry, along with related businesses, include $557.4 billion in total outlays, the study found. In terms of personal income, the benefits amount to $120.6 billion, according to the report, and the number of jobs the sector supports approaches 2 million, or one out of every six jobs in Texas.

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Source: Starlocalmedia.com