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October Jobs Report: Jobs Edge Higher in October; Revised Data Shows Sector Gains 1.9% Over 3-Month Period

Employment in the U.S. energy technology and services sector rose by an estimated 6,051 jobs in October, an eighth straight month of growth, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council.

The 0.9% growth in October comes as the sector has added more than 17,000 positions over the past three months. Revised BLS data show that during the period of August-October sector employment increased by 1.9%.  

The energy services and technology sector has added nearly 55,000 jobs since March after hitting a pandemic low of 597,067 jobs in February, according to BLS data.

The monthly Energy Technology & Services Employment Report, compiled and published by the Council, estimates a peak of more than 109,000 pandemic-related job losses. Since then, the sector has restored nearly 55,000 positions, bringing total pandemic employment losses to 54,763 jobs.

Using BLS data, the Council, in consultation with researchers from the Hobby School of Public Affairs at the University of Houston, found that reductions were heaviest in April 2020, when the sector shed 57,294 jobs — the largest one-month total since at least 2013. 

Sector employment has grown at an average monthly rate of 0.99% in 2021 as companies have maintained focus on reducing debt, repaying investors and investing in research and development. In addition, elevated COVID-19 cases due to the Delta variant have increased uncertainty for demand and production forecasts. 

Below are the top states for employment in the energy technology and services sector, and estimated job gains in October 2021 compared to the same month in 2020, according to BLS data:

  1. Texas — 316,444, +19,340 jobs
  2. Louisiana  — 54,223, +3,314 
  3. Oklahoma  — 49,418, +3,020
  4. Colorado  — 26,365, +1,611
  5. New Mexico  — 24,287, +1,484
  6. California  — 23,767, +1,453
  7. Pennsylvania  — 23,508, +1,437
  8. North Dakota  — 20,196, +1,234
  9. Wyoming  — 15,066, +921
  10. Ohio  — 10,780, +659
  11. Alaska  — 10,065, +615
  12. West Virginia  — 9,936, +607

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.

For additional information or questions about the report, Council COO Molly Determan at mdeterman@energyworkforce.org

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