Jobs Report: Oil, Gas Employment Sees Gains in February
It’s been a long time coming – mining employment increased in February, according to data from the U.S. Bureau of Labor Statistics (BLS) released March 10. The United States added 1,800 jobs in oil and gas extraction and 6,000 jobs in support activities for mining.
This is a far cry from previous months in which layoffs were reported each month before steadying in September. The BLS reports that mining employment has risen by 20,000 since October 2016.
There has certainly been an uptick in onshore activity with the Permian being a definite hot spot for prime acreage acquisition. Oil and gas CEOs are ready to forge ahead with projects and drilling.
February’s jobs report is a welcome sign to oil and gas, as well as the nation overall. The country added 235,000 jobs with other gains coming in industries such as construction and manufacturing. With February being the first full month’s report since Trump took presidential office, many credited him with the gains.
White House press secretary Sean Spicer tweeted this the morning of March 10.
Great news for American workers: economy added 235,000 new jobs, unemployment rate drops to 4.7% in first report for @POTUS Trump— Sean Spicer (@PressSec) March 10, 2017
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