North Dakota oil industry is growing, with longer-term jobs to keep production and fewer temporary workers, according to new economic impact studies.
According to the study, conducted by researchers from North Dakota State University, the oil industry had affected the state's economy in 2017, the Bismarck Tribune reported.
Dean Bangsund, a research scientist with the Department of Agriculture and Applied Economics of NDSU, described some of his latest conclusions by the Capitol state earlier this week.
In 2015, data for temporary and long-term workers was almost equal for the first time. Long-term workers were the largest sector from 2016-2018, according to the study.
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"This probably happened faster than we thought," Bangsund said.
Shawn Wenko, Williston's director of economic development, said that the move to a more permanent workforce has resulted in increased birth rates and a growing number of school enrollments in the western part of the state.
"More families are coming to the area now; they are calling Williston's house," Wenko said.
The number of workers in the oil industry peaked in 2014 with approximately 63,000 workers, according to data from Job Service North Dakota.
The sudden fall in oil prices led to a reduction in the number of labor forces, falling by some 30,000 oil industry workers in 2016, according to the study. By 2018, the estimated number of labor was 35,800.
The study showed that overall state employment showed the trend with the oil industry.
"The petroleum industry has such a large presence in the state," Bangsund said. "When employment goes up and down, the state's employment goes up and down, almost simultaneously."
North Dakota has dealt with "huge swings" in the economic impact from the oil industry since 2011, with hards and lows of $ 8 billion to $ 10 billion every two years, Bangsund said.
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