S&P report: U.S. coal production, employment rose in Q2
U.S. coal production rose in the second quarter compared to a year earlier, according to S&P Global market data. A sustained rise in demand for coal used in power generation also allowed companies to hire more workers.
On a year-over-year basis, average employment rose 11.3% in the second quarter, and coal volumes improved about 2%, according to the S&P Global data. The average number of employees in the U.S. coal sector has gradually increased over the last year. Second-quarter employment rose 1.5% compared to the previous quarter, even though coal production volumes fell by 2.5%.
Coal exports from the U.S. increased in the second quarter as demand and prices remained at high levels amid a global energy crisis, further supporting production increases, according to the report.
View article here.
- On September 13, 2022