US Jobs Report: Mining and Oil, Gas Employment Unchanged in July
Mining employment remained relatively steady for the month of July, adding 1,000 jobs, according to data released August 4 from the U.S. Bureau of Labor Statistics.
Prior to July’s report, the industry added an average of 7,000 jobs per month through June. This was after mining employment reached a recent low in October 2016.
The jobs report also revealed a contrast in drilling and service companies. More specifically, jobs in oil and gas extraction dropped by 700 in July, while support activities for mining increased by 1,300.
For the most part, oil and gas layoffs have waned in recent months, and some companies are slowly picking back up employees for exploration and production operations. However, some companies are still cutting staff. Houston-based Freeport McMoRan Oil and Gas is one such company. In July, the company announced a fifth round of layoffs, citing the sale of some of its key assets.
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