Natural Gas, Oil Found to Support Sizeable Chunk of U.S. GDP, Including Pennsylvania

Pennsylvania’s oil and natural gas industry supported 6.1% of the total jobs and 9.7% of its gross domestic product (GDP) in 2019, according to a new study commissioned by the American Petroleum Institute (API).

The industry overall supported 480,000 total jobs (102,500 direct and 377,800 indirect) and contributed $78.4 billion ($39.4 billion direct and $38.9 billion indirect) to Pennsylvania’s GDP for the year, according to the study conducted by PricewaterhouseCoopers (PwC).

For each direct oil and gas job, the industry generated 3.7 indirect jobs in other sectors of the economy, researchers found. It also provided $40.5 billion in labor income, i.e. wages, salaries, benefits and proprietors’ income. The $40.5 billion included $14.5 billion of direct and $25.9 billion of...