Oil States Experience Decreasing Employment While Other States See Job Gains
States that heavily rely on the oil industry—particularly Texas, Oklahoma, and North Dakota—experienced significant job cuts last month, according to the U.S. DOL. Texas may even be in recession due to the loss of energy-related jobs caused by falling oil prices. California, Florida, Massachusetts, and Washington states saw the biggest job gains and may be benefiting the most from cheap oil. (as reported by Zumbrun of the WSJ)
