US Jobs Report: Mining Down 4,300
The United States added 151,000 jobs in August, though jobs in mining continued their decline. According to seasonally adjusted figures, the United States shed 4,300 mining jobs in August, bringing the total loss to 233,000 after peaking in September 2014. Most of the mining losses were concentrated in support activities for mining.
Seasonally adjusted figures reveal that jobs in oil and gas extraction accounted for 800 of the mining job losses. The number of job losses is lower than in recent months, but oil and gas companies are still reducing their workforces as the industry continues to grapple with the low price of oil.
In late July, Maersk Drilling said it was laying off 122 offshore workers in the Gulf of Mexico after termination of an ultra deepwater rig. And in efforts to prevent further layoffs, oilfield services giant Baker Hughes implemented a 5 percent pay cut to some of its U.S. employees.
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