January Another Steady Month for US Oil, Gas Jobs

January Another Steady Month for US Oil, Gas Jobs
The US added oil and gas extraction jobs in January, according to data from the Bureau of Labor Statistics.

The outlook for oil and gas employment in the United States is looking better each month. Data from the Bureau of Labor Statistics released Feb. 3 shows that mining employment remained relatively unchanged in January, the fifth consecutive month for steady employment.

Specifically, jobs in oil and gas extraction increased by 100 in January. Support activities for mining, which includes oil and gas, saw an uptick in January as well (3,000 jobs). This is a far cry from the job losses the industry saw for two-and-a-half years prior, when depressed crude oil prices prompted severe cost-cutting from companies and hundreds of thousands of layoffs globally.

More recently, production cuts from OPEC and non-OPEC members, rising crude oil prices and drilling in the Permian Basin has helped shift sentiments among workers to being more positive.

In January, Texas oil economist Karr Ingham said 104,000 oil and gas jobs had been shed in Texas alone from December 2014 to October 2016. But he said the bloodbath is over and better days are ahead for the industry in 2017.      

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
 -  Renewable Energy Sector Added Jobs dur... (May 26)
 -  Former House Speaker Boehner: Trump 'S... (May 25)
 -  GE's Chief Technology Officer Says Sta... (May 24)
 -  After Merger, Refiner Delek to Lay Off... (May 22)
 -  InvestKL Continues Efforts to Attract ... (May 18)


Most Popular Articles

From the Career Center
Jobs that may interest you
US Duncan, OK: Administrative Specialist (Accounts Payable Department)
Expertise: Secretarial or Administrative
Location: Duncan, OK
 
Sr. Benefits Specialist
Expertise: HR - General
Location: Dallas, TX
 
Sr Onboarding Representative - Global Onboarding
Expertise: HR - General
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours