Proved reserves of crude oil: 398 million barrels
Oil refineries: 5 (tied for seventh most)
Unemployment rate, Jan. 2012: 5.7 percent (ninth lowest)
Share of jobs supported by oil and gas: 4.9 percent (15th highest)
In general, Utah has a strong economy. Its unemployment rate is significantly lower than the national average, and from 2005 to 2010, median household income in the state increased by more than 14 percent — one of the country’s highest rates. The state also sits on top of nearly 400 million barrels of crude oil. The oil and natural gas industry accounts for 7.4 percent of the state’s economy. While this is only the 14th largest share, it is still quite significant.
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