thumping the ground
If you have any doubt on which way to interpret the numbers, realize that in the Pittsburgh region last year there were probably 500 thousand 'new hires'. Would be quite a boom time if it was true and that net job creation was that high. Workforce flows are always much larger than net change.
Unsurprisingly and in record time the Marcellus Shale Coalition has a detailed response to the KRC report. Can't say they are not getting their money's worth from their PR consultants on retainer. Here is the thing. Read the MSC's response, and they reference as counterexamples a lot of media reports as if they are primary source material. It clearly is something written by media people for media people. The KRC report has some real employment numbers that are worth talking about at the very least. The MSC response does not seem to address any of the specific points in the KRC report, but does throw up enough chaff to confuse the issue. Probably exactly what the PR handbook says to do.
The meta news issue is who is even reporting on any of the different numbers out there. One of the few stories I've seen of anyone reporting on folks who dare question the huge economic impact numbers was over a year ago. (a recent lecture discussing some of these economic impact reports is online here). What you really see in the news are generally folks echoing the same stats repeatedly to the point where it sounds like there is wide agreement, when in fact they are point sources. So go and read the data compiled by the Keystone Research Center and you will see that there is a big gap between all the jobs numbers that we can add up and the 100-200K job creation range that is what is so often quoted.