Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.
New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.
Millions of Americans are still searching for jobs or facing home foreclosures. For them, the Great Recession drags on into its fifth year.
But for others, the U.S. economy is looking up.
Companies in certain sectors are buying equipment again and hiring workers. These pockets of strength — found in energy, technology, manufacturing, autos, agriculture and elsewhere — are helping invigorate the broader economy.