US Jobs Report: Mining Down 10,000 Jobs

It’s a familiar story now. For another consecutive month, despite the U.S. adding 38,000 jobs in March, jobs in mining declined.

Data released today from the US Bureau of Labor Statistics (BLS) found that mining jobs declined by 10,000 in May, totaling a loss of 207,000 jobs since peaking in September 2014. Jobs in oil and gas extraction declined by 1,700 (with data seasonally adjusted). Support activities for mining accounted for three quarters of the job losses in May (6,100 with data seasonally adjusted).

Oil and gas companies have skimmed and trimmed capital expenditures (CAPEX) steadily since the beginning of the downturn and unfortunately, reducing headcounts has been a reoccurring part of the formula. The total number of jobs lost globally due to the downturn surpassed 350,000 in May, according to Houston-based consulting firm Graves & Co. The upstream sector, which includes oilfield services companies and drilling companies have been hit extremely hard, accounting for 43 percent and 15 percent of the layoffs, respectively.     

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

WHAT DO YOU THINK?

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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  Freeport-McMoRan Makes Further Job Cut... (Sep 22)
 -  ExxonMobil: Population, Economic Growt... (Sep 21)
 -  BLOG: Are We There Yet? Oil, Gas Worke... (Sep 19)
 -  Airswift, PCSI Align to Reduce Risks S... (Sep 15)
 -  NOV Lays Off 54 Houston Workers as Par... (Sep 13)


Most Popular Articles

From the Career Center
Jobs that may interest you
Project Pipeline Assistant - DC
Expertise: Document Control
Location: Houston, 
 
US Williston: Entry Level Administrative Associate
Expertise: Secretarial or Administrative
Location: Williston, ND
 
United States Odessa: Area Resource Coordinator
Expertise: Operations Management|ROV Ops / Tech|Sales
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $45.97/BBL 2.91%
Light Crude Oil : $44.67/BBL 2.74%
Natural Gas : $3/MMBtu 0.33%
Updated in last 24 hours