US Jobs Report: Oil, Gas Layoff Troubles Continue

While not unfamiliar territory for an industry already embattled with low oil prices and minimal production activity, job losses in oil and gas continued in February.

According to data in the jobs report released March 4 by the U.S. Department of Labor, despite the country’s increase of 242,000 jobs in February, mining jobs declined by 19,000. This brings the total number of mining jobs shed to 171,000 since the most recent peak in September 2014. Of that number, more than three-fourths of the job losses came in support activities for mining. In February, almost 16,000 jobs were lost in support activities for mining.

Investments in deepwater production have also declined during the downturn. In February, Transocean announced it was laying off nearly 200 employees and stacking two rigs in the Gulf of Mexico. Additionally, Cobalt International, which has deepwater assets with material interest in the Gulf of Mexico and offshore West Africa, announced it was cutting 50 positions from its corporate office in Houston.

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
john weaver | Mar. 8, 2016
Nothing like $2/Gal. . Cant go anywhere no job.


Our Privacy Pledge

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  Outlook: Exploring the New Breed of Oi... (Oct 25)
 -  Houston's Oil Industry Eyes Recovery, ... (Oct 21)
 -  Report: Majority of Women Not 'On Trac... (Oct 14)
 -  Advice for Working Millennials, from W... (Oct 13)
 -  BLOG: Survey Finds Stark Differences i... (Oct 7)

Most Popular Articles

From the Career Center
Jobs that may interest you
Safety and Environmental Management System Specialist (SEMS)
Expertise: Environmental, Safety & Training|Regulatory Compliance|Safety Engineering
Location: Houston, TX
Field Operations Supervisor II Job
Expertise: Field Service Tech|Refinery / Plant Operations Supervisor|Regulatory Compliance
Location: Minneapolis, MN
Electrical Substation Field Operations Supervisor II Job
Expertise: Operations Management|Refinery / Plant Operations Supervisor|Supply & Distribution
Location: Township of Maple Grove, MN
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours