U.S. employment in mining rose by 9,000 jobs in April, according to data released Friday from the Bureau of Labor Statistics (BLS).
As the oil and gas industry continues its way towards a full recovery from the global oil glut, there’s been a steady increase in mining jobs – specifically oil and gas extraction – and support activities for mining for the past few months. Onshore drilling activity has also increased.
Seasonally adjusted figures from the BLS reveal that oil and gas extraction jobs increased by 1,000 and support activities for mining increased by 6,700 jobs in April. This is positive news for the oilfield services sector that hemorrhaged hundreds of thousands of jobs globally during the downturn in which crude oil dropped to less than $30 per barrel.
Since hitting a recent low in October 2016, jobs in mining have increased by 44,000, with three-fourths of those gains in support activities for mining.