Sunday, December 4, 2011

99.974 Percent of Unemployed State Residents to Remain Out of Work if Fracking Moves Ahead in New York State
November 29th, 2011

New Food & Water Watch Analysis Reveals the New York SGEIS is exaggerating the Job Creation Potential of Shale Gas Development

Washington, D.C.—As officials in New York determine whether to allow the controversial practice of hydraulic fracturing, the consumer advocacy group Food & Water Watch today released new analysis that finds that the Cuomo administration is exaggerating the potential of shale gas development to generate jobs for New Yorkers. How New York State Exaggerated Potential Job Creation from Shale Gas Development finds that New York residents should expect a mere fraction of the jobs promised by the New York State Department of Environmental Conservation.

Food & Water Watch examined the department’s socioeconomic impact analysis and found that within its “average scenario”, New York residents can only expect 195 new jobs associated with shale gas development. This would increase to over 600 new jobs for current New Yorkers by the tenth year of shale gas development, but after this tenth year, there would be virtually no new jobs.

With over 755,000 New Yorkers unemployed as of August of 2011 according to the U.S. Bureau of Labor Statistics, 195 new oil and gas industry jobs would create new employment opportunity for only one-fortieth of 1 percent of those who are out of work.

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