US Loses Thousands of Upstream Jobs in November
The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics (BLS).
The BLS, which categorizes oilfield services under “support activities for mining,” reported a loss of 5,700 jobs for the month.
The nation added 100 jobs in mining support activities in October, but has experienced declines every other month this year.
Additionally, jobs in oil and gas extraction declined by 800 in November after adding 300 in October.
Citing a challenging market environment, several upstream companies have continued to reduce their staff, including natural gas producer Range Resources, shale and gas producer Gulfport Energy and frac sand supplier U.S. Silica.
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