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Shale Rebound Is a Work-in-Progress

stander
stander
in Oil, Gas and Energy News

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Since peaking at about 536,000 in September 2014, the number of U.S. workers classified by the Bureau of Labor Statistics as working for "oil and gas extraction" firms or the companies that support them had dropped by February to about 417,000. Data for the support workers lags that for those who work directly for oil and gas companies. Based on the broader decline in what the BLS calls the mining-support sector, though, the upstream oil industry is probably down to less than 410,000 by now.

http://www.bloomberg.com/gadfly/articles/2016-04-01/shale-industry-job-cuts-just-one-hurdle-to-a-rebound

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