Jobs Report: Mining Jobs Down 6,000
Despite the Unites States adding 255,000 jobs in July, jobs in mining saw another month of declines – this time to the tune of 6,000.
This brings the total number of mining job losses to 220,000 – a decline of 26 percent – since peaking in September 2014, according to data from the U.S. Bureau of Labor Statistics. The oil and gas industry has continued to struggle despite a slight uptick in oil prices.
Within the mining declines, 2,000 jobs were lost in oil and gas extraction and 3,000 jobs were lost in support activities for mining. And it seems as though the hits will keep coming. In July alone, several oil and gas companies announced further layoffs: BG Group plc will close its Houston office, ConocoPhillips is laying off 6 percent of its workforce, with the biggest impacts in North America, and Royal Dutch Shell plc is cutting one-quarter of its deepwater workforce in the Gulf of Mexico.
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