Employment in the U.S. oilfield services, and equipment sector rose by an estimated 8,630 jobs to 622,309 in April, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council. Gains were made in all seven categories tracked, with the largest gains coming in oil and gas extraction, and support activities in mining (oil and gas sector).
The data reported is the highest since September 2021 when total jobs rebounded to 643,057, but still off the pre-pandemic mark in February 2020 of 706,528. The 1.4 % growth in April comes as overall U.S. employers added 428,000 jobs, equal to the revised March numbers and the unemployment rate remains at 3.6%. The U.S. economy has regained nearly 95% of the 22 million jobs lost at the height of coronavirus-related lockdowns in the spring of 2020.
“Oil and gas demand has continued to increase, and global demand will continue to rise as more countries cut off imports of Russian energy resources,” said Energy Workforce & Technology Council CEO Leslie Beyer. “It’s encouraging to see job growth increases in the sector. We are continuing to make gains from our pandemic lows and 2021 fourth quarter losses. I’m optimistic that our industry and workforce are up to the challenge to increase domestic production, but in order to make a significant impact in a shorter time frame, we need our regulators and elected leaders to support the industry, stop the negative rhetoric, and provide regulatory certainty that encourages investment and development that will help bring back the workforce at a faster pace.”
April State-by-State Breakdown
Energy technology and services sector employment is estimated by analyzing data published by the U.S. Bureau of Labor Statistics and covers the economic activities of energy technology and services companies, which include oil and gas extraction, construction and manufacturing. Total employment is estimated using the Quarterly Census of Employment and Wages, published by BLS, and jobs data reported by BLS monthly.
Note: BLS data is preliminary for the two most recent months and is subject to revision. The Council incorporates monthly totals according to BLS corrections, and updates the statistical model quarterly.