The US economy's 3.5% GDP growth in the third quarter follows 4.2% growth in Q2, which was loudly trumpeted by the US administration. The latest GDP data came on October 26, just days ahead of the US midterm elections, and positive economic news is also good news for Trump-backed House and Senate candidates.
For each coal mining job, an additional 3.5 jobs are created elsewhere in the economy. The National Mining Association estimates 50,000 new employees will be needed in coal mining over the next 10 years to meet increasing demand and to replace retiring workers.
America's coal industry is doing its part to increase U.S. competitiveness abroad while producing jobs and economic benefits at home. Coal is essential to the U.S. economy, providing electricity to s, businesses, manufacturing facilities, transportation and communications systems, and
With the 2016 elections now behind us and a new administration crafting strategies to drive the American economy forward for the next four years, the composition of our nation's energy mix and the way in which we produce electricity is up in the air.
Coal is the largest domestically produced source of energy in America and is used to generate a significant chunk of our nation's electricity. The Energy Department is working to develop technologies that make coal cleaner, so we can ensure it plays a part in our clean energy future.
In 2011, coal exports contributed an estimated 141,270 jobs to the U.S. economy, including 39,350 direct jobs at mines, transportation companies, and ports plus more than 100,000 jobs at businesses in a wide range of industries. With export coal production of 107 million tons, that equals 1,320 jobs for each million tons of production.
Coal power in the United States accounted for 39% of the country's electricity production at utility-scale facilities in 2014, 33% in 2015, and 30.4% in 2016 Coal supplied 12.6 quadrillion BTUs of primary energy to electric power plants in 2017, which made up 91% of coal's contribution to US energy supply.
The economic contributions of U.S. mining to the domestic economy include its direct impact plus the economic activity of other industries that supply the mining industry. To quantify these linkages, we rely on the IMPLAN model, an input-output
Coal mining not only helps provide energy for our nation, but it also creates long-term jobs that benefit our economy and communities. Creating Jobs & Growing the Local Economy Economic impact studies from the U.S. Department of Commerce show that a coal mine with 300 employees, such as the Carlisle Mine, indirectly creates an additional 3.88 times the amount of jobs it provides in the region.
Natural resources are materials from the earth that people use to meet their needs. There are two major types of natural resources. The first, renewable resources, are those that are used at a slower rate than they are replaced. These include water, wind, and the sun. Two categories, plants and