• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 3 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 40 mins Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 hours Hopes Are Dashed For International Oil Companies In North Iraq
  • 3 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 2 days Changing Gazprom ADRs to Russian shares
  • 19 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Is The EIA Wrong About Weak Gasoline Demand?

Is The EIA Wrong About Weak Gasoline Demand?

The EIA has reported that…

Are Gas Stations Really Inflating Prices For Profit?

Are Gas Stations Really Inflating Prices For Profit?

Despite what politicians may say,…

Oil & Gas 360

Oil & Gas 360

From our headquarters in Denver, Colorado, Oil & Gas 360® writes in-depth daily coverage of the North American and global oil and gas industry for…

More Info

Premium Content

The U.S. Oil And Gas Sector Is Growing Again

Overall U.S. unemployment rate down to 4.7 percent

The Bureau of Labor Statistics released its February employment report today, outlining the state of employment in the U.S. Total nonfarm payroll employment increased by 235,000 in February, decreasing the unemployment rate to 4.7 percent, from 4.8 percent in January.

(Click to enlarge)

Source: BLS

In the oil and gas extraction sector the BLS reported that employment increased by about 1 percent. According to the BLM, 178,700 people were employed in the oil and gas industry in February, up from 176,900 in January. This is the highest employment in the sector since May last year.

Employment in the oil and gas industry peaked in October 2014, at an estimated 200,800. This was the highest level seen since the previous major industry downturn in 1986. The industry downturn meant that employment decreased steadily until July 2016, when it flattened out at about 178,000. Employment has been mostly flat since then, with little significant change.

(Click to enlarge)

Data: BLS, Graph: EnerCom

While companies have begun to ramp up activity in the past few months as commodity prices improved. This has not yet translated to significantly improved employment numbers in the sector. This increased activity should become visible in employment data in the next few months. The Permian basin has seen especially large amounts of activity in recent months, as many companies buy in or ramp up operations.

By Oil and Gas 360

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News