Posted August 21, 2014
Energy Rich U.S. States Saw Fastest Economic Growth in Late 2013
Wall Street Journal: U.S. economic growth accelerated in the second half of 2013 before unexpectedly contracting early this year. But growth late last year was uneven across the nation, with some energy-rich states leading the pack while economies slowed in New England and on the Plains.
That’s according to new data released Wednesday by the Commerce Department. The agency already reported gross domestic product for the nation on a quarterly basis and at the state level annually. Now, it has offered a quarterly breakdown for state-level GDP data through the end of 2013. The data are volatile from quarter to quarter, but allow a finer understanding of the ups and downs in regional economies.
Read more: http://on.wsj.com/1tuZ1Fi
More industry news:
Energy Sector Powers Pennsylvania’s Economic Growth: http://bit.ly/1z6blx8
As Oil Boom Continues, There’s No End in Sight for Job Growth: http://bit.ly/YDZ4oC
Opinion: Oil Export Ban Holding America Back: http://onforb.es/1ljrRsZ
Gulf Coast Refineries Retrofitting to Process Lighter Crude from Shale: http://bit.ly/1BG9of9
Blog: The Keystone Delay is Costing us More than Jobs and Revenues: http://bit.ly/1sXl2Q4
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.