US Mining Jobs Take a Hit in August
Mining employment saw a loss of 5,600 jobs in August, continuing a trend of declines, according to data released Friday from the U.S. Bureau of Labor Statistics (BLS).
Almost all the job losses were in support activities for mining (-5,400). The U.S. has now reported job losses in support activities for mining every month in 2019.
The nation’s jobs report did have a small positive. After shedding 1,200 jobs in July, employment in oil and gas extraction – which the BLS categorizes under ‘mining’ – added 100 jobs in August.
Upstream employment in Texas has seen declines since late last year, which Texas oil economist Karr Ingham made reference to recently, though production in the region has soared.
Some energy companies still continue to struggle, however, as both Halcon Resources Corporation and Sanchez Energy filed for bankruptcy in August. This is Halcon Resources’ second time filing bankruptcy in just over three years.
To contact the author, email Valerie.Jones@Rigzone.com
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