Jobs Report: US Mining Employment Unchanged in Nov.

Employment in mining, specifically oil and gas extraction, was relatively unchanged for the month of November, according to data released Dec. 2 from the U.S. Bureau of Labor Statistics. Seasonally adjusted figures reveal a loss of 1,100 oil and gas extraction jobs in November.  

The November jobs report follows the trend of recent months of fewer declines in oil and gas employment, after a peak in September 2014. Since then, the industry has suffered tremendously from a global oil glut prompted by over-production. Hundreds of thousands of jobs have been lost all over the world, with oilfield services and support activities for mining being hit particularly hard.

The jobs report comes just days after the announcement that OPEC has finally agreed to cut its crude oil production for the first six months of 2017. Optimism quickly took over the industry, with some analysts saying oil prices could reach $75 per barrel in 2017. Jenny Philip of the Greater Houston Partnership said in October that many energy analysts believe the industry will start seeing more E&P (exploration and production) activity and hiring at about $55 oil. US crude oil closed at $51 per barrel Dec. 1.

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.


Our Privacy Pledge

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  How to Combat Oil, Gas Relocation Chal... (Mar 29)
 -  Statoil Exec: Effective Leaders Should... (Mar 24)
 -  Recruiter Check-In: What's Happening i... (Mar 22)
 -  Enbridge Cutting 1,000 Jobs in US and ... (Mar 22)
 -  BLOG: Ask the Careers Editor Series to... (Mar 21)

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Project Assistant
Expertise: Project Management
Location: Midland, TX
Tax Specialist Required for Global Service Company in Houston
Expertise: Accounting
Location: Houston, TX
Administrator / Office Supervisor
Expertise: Accounting
Location: Sugar Land
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours