HOUSTON- Today, Energy Workforce & Technology Council released their monthly jobs report for July, proving the staying power of the oil and gas services sector.
In July of 2024, the U.S. oilfield services sector supported 647,559 jobs, with a loss of 201 jobs from June, according to preliminary data from the Bureau of Labor Statistics (BLS). This slight decrease, after revisions to June data and analysis conducted by the Energy Workforce & Technology Council, reflects a positive trend in the larger overall picture of the oil and gas workforce.
With the national unemployment rate ticked up to 4.3% and job growth across the United States slowed much more than expected, the energy services sector remained relatively steady. The current unemployment rate is at its highest since October 2021, triggering fears of an impending recession.
“The energy industry has navigated through numerous challenges over the past several years with a focus on strategic discipline,” said Energy Workforce President Molly Determan. “While there is concern that tougher times may be on the horizon, our sector’s stability amidst broader economic uncertainties reflects our resilience and commitment to long-term planning. We remain optimistic about the future and confident in our ability to adapt and thrive.”
State By State Breakdown
| TX | 315,556 |
| LA | 54,071 |
| OK | 49,279 |
| CO | 26,291 |
| NM | 24,219 |
| CA | 23,701 |
| PA | 23,442 |
| ND | 20,139 |
| WY | 15,023 |
| OH | 10,749 |
| AK | 10,037 |
| WV | 9,908 |
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About Energy Workforce & Technology Council
Energy Workforce & Technology Council is the national trade association for the global energy technology and services sector, representing more than 650,000 U.S. jobs in the technology-driven energy value chain. Energy Workforce works to advance member policy priorities and empower the energy workforce of the future.
Karina Erickson, Communications Director, writes about governmental policies for the Energy Workforce & Technology Council. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.
