Mining Employment Sees Slight Gains in March
Employment in mining increased in March, albeit slightly, according to data released today from the U.S. Bureau of Labor Statistics (BLS).
The nation added 700 jobs in oil and gas extraction. This comes after a gain of 800 oil and gas extraction jobs in February.
Conversely, support activities for mining (which includes oilfield services) continued their decline. While 3,800 jobs were lost in February, another 200 were lost in March, the BLS shows.
The U.S. rig count – which is closely monitored by Baker Hughes, a GE Company (BHGE) – has declined every week in the month of March. Data released today from BHGE shows that the average U.S. rig count for March was 1,023. This is 26 less than the average in February, but still up 34 from March 2018.
However, activity in the Permian has continued its dominance.
The U.S. land rig count for March was 1,001 compared to just 22 offshore rigs.
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