North Dakota's oil industry is booming. Advancements in hydraulic fracturing have helped Western North Dakota experience month after month of record-setting oil production, making for one of the fastest-growing economic expansions the U.S. has ever seen. With the region having one of the lowest unemployment rates in the country and generating over 75,000 new jobs in the past few years, thousands of workers have showed up searching for high-paying jobs. Oil field workers in the state saw an average annual wage of $US 112,462 in 2012. Competition has intensified since the boom started around 2007, but entry level rig workers still average about $US 66,000 a year, according to Rigzone, an industry information provider.
Wednesday, June 24, 2015
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