US Jobs in Oil, Gas Extraction Increase in June
While the mining sector saw little change in employment overall for the month of June, the U.S. managed to tack on an additional 1,400 jobs in oil and gas extraction, according to data released Friday from the U.S. Bureau of Labor Statistics.
This follows a gain of 300 oil and gas extraction jobs in May.
This is a welcome sign for drillers, especially in the era of “do more with less.” The nation’s average rig count for June was 969, down 17 from May 2019, and down 87 from one year ago, according to Baker Hughes, a GE Company.
Conversely, support activities for mining, which include oilfield services, saw a decline of 2,600 jobs in June. This follows a decline of 300 jobs in May.
Oilfield services companies have continued to struggle since coming out of the industry downturn. And beleaguered oilfield services giant Weatherford International, plc officially filed for bankruptcy July 1.
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