Posted on 02/17/2015 7:30:43 AM PST by george76
Coal is a small part of Colorado’s economy as a whole, but nearly half of the statewide industry is based in far northwest Colorado, where it helps boost average household income higher than the average for the state as a whole.
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While coal mining directly accounts for 4.6 percent of the region’s total employees, at 1,545 jobs, it makes up more than 17 percent of the region’s total economic output, says the report, by Broomfield economist Gary Horvath. Another 571 people are directly employed in the region’s electrical power generation industry, which is supplied by locally generated coal, and that industry is directly responsible for another 16 percent of the region’s gross regional product.
The report found that thanks to high-paying coal jobs, the region’s average household income is $110,449, compared to $107,655 for the state as a whole. Coal mining wages average $79,655 for surface miners and $84,413 for underground miners in the region, a figure that includes overtime but not benefits.
“Average wages for coal mining are significantly higher than the average for the region, and I think that’s a major point,”
...
“We wanted to be able to talk to the community and our (state) legislators and our federal legislators about how important the coal industry is to our economy,”
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When indirect and induced jobs are included, coal accounts for about 3,150 total jobs in the region. It directly contributes $478.6 million to the region’s gross regional product of $2.76 billion. Coal’s total contribution is $701 million, when indirect and induced contributions are included. Indirect jobs and activity derive from related industries such as those in the coal industry supply chain, while induced contributions stem from things such as miners spending money for groceries or gasoline.
(Excerpt) Read more at gjsentinel.com ...
High quality coal.
Good BTUs, low sulfur.
High fusion...
RIP coal. You were a great national treasure that supplied heat and electricity to many folks who otherwise couldn’t have afforded it.
You will be missed.
Maybe after CW2 we can use you again.
However, liberals prefer all freeze in the dark while technology develops and prices fall for “alternative” energy.
Just like they told America today that “jobs” for ISIS members are th solution for that. They are so out of touch that the danger from Looney libs grows exponentially daily.
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
Lefties , with their tax payer subsidized electric cars, are in for another shock of financial reality.
Lefties , with their tax payer subsidized electric cars, are in for another shock of financial reality.
Yes they are but they’ll never understand why.
I had a useless conversation with a lib yesterday. They are stuck on stupid and simply can’t rationalize. They prefer to “feel good”.
Lefties are in total denial.
They may never seen the light, but they will feel the pain.
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