US Jobs Report: Mining Down 7,000; Loss of 800 in Oil, Gas

Mining jobs saw yet another dip in January to the tune of 7,000, according to data from the jobs report released Friday by the U.S. Bureau of Labor Statistics (BLS). Specifically, jobs in oil and gas extraction declined by 800, with data seasonally adjusted.

After an employment peak in September 2014, mining jobs have steadily declined each month, having fallen by 146,000 or 17 percent. Late last year, the total number of global layoffs in oil and gas had surpassed 250,000 for 2015.

In January 2015, the BLS recorded 198,700 jobs in oil and gas extraction; in January 2016, there were 183,000 jobs. Oil and gas companies are still trimming budgets, selling assets and laying off workers as they grapple with an uncertain commodities market. Five oil and gas companies announced in January they would be laying off employees in Texas, which includes Southwestern Energy’s cutting of 40 percent of its workforce at its Houston area headquarters.     


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.