King Coal's Comeback
Coal is back in business:
“Miners are snagging $1,000 signing bonuses, fully paid health insurance and raises again,” Bloomberg’s report noted.Coal miners still matter...
Fortune estimates “at least some of the 33,000 employees and contractors laid off between 2014 and 2016” in the coal industry are “likely to be rehired.”
Although the coal industry seems to be stabilizing for now, some coal regions have yet to see any improvements. For instance, a recent report by the Lexington Herald Leader (Ky.) stated, “Employment at Kentucky coal mines dropped 3.3 percent statewide from Jan. 1 through March 31.”
It remains to be seen whether coal’s good fortunes will continue, but for now, it’s clear Trump’s policies, coupled with favorable economic conditions, have helped to keep the industry from collapsing.