As Fed Approaches Rate Hike, Job Growth Shifts Away From Oil Patch

The rebound in U.S. jobs, limited in the early part of the recovery to a handful of booming industries such as oil, has broadened across the country as old-line industrial areas such as Michigan and sun belt hubs like Florida pick up the slack. A Reuters analysis of state-level data shows recovery in jobs has been spreading across the country and industries, helping offset the reversal in fortunes in some oil patch states. Riding the shale oil and gas boom, Texas, Louisiana, Oklahoma and three other states made an outsized contribution to the labor market, adding a fifth of all new jobs created between 2013 and 2014 before a year-long crude price slide pushed the industry into reverse.



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