The response of employment to changes in oil and gas exploration and drilling
Abstract: Oil prices declined significantly during the summer of 2014, leading to a subsequent decline in energy exploration and drilling. By the end of April 2015, rig counts were down 49 percent. In the past, these declines have disproportionately affected the economies of oil- and gas-producing states, decreasing statewide employment and inducing ?regional recessions.?
File(s): File format is application/pdf https://www.kansascityfed.org/documents/668/2015-The%20Response%20of%20Employment%20to%20Changes%20in%20Oil%20and%20Gas%20Exploration%20and%20Drilling.pdf
Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Review
Publication Date: 2015
Issue: Q II