Mine Kuban Yücel, senior VP and director of research at the Federal Reserve Bank of Dallas, presented her research into the dynamics of oil prices in the U.S. economy.
Certain states are more affected by falling oil prices than others. Specifically, there are eight states that experience a decline in employment when oil prices fall by 50 percent
Sounds about right, but the states don’t completely match up with what we’ve observed in actual job layoffs over the past year, where we would replace Alaska, Louisiana and New Mexico with Colorado, Ohio and Pennsylvania – states with relatively high cost fracking operations.
well in Texas we have had some pretty healthy layoffs, and more coming. so dont exclude the Texas miracle!