Across the oil and gas industry, 1,949 jobs were added in the U.S. in August, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to July numbers and analysis by the Energy Workforce & Technology Council. Despite preliminary BLS data suggesting an initial loss of 117 jobs, adjusted data showed an increase of 787 jobs. The updated figures represent a 0.4% increase across the oil and gas industry, indicating that the historical oil and gas market continues to recover post-pandemic.
Employment across the sector is increasing but still off the pre-pandemic level of 706,528 in February 2020. Across the entire US job market, the economy added 187,000 jobs in August, exceeding economist predictions. Meanwhile, the national unemployment rate rose from 3.5 percent to 3.8 percent.
“Employment across the oil and gas industry continues to grow, indicating our continued demand for a skilled workforce. As demand for employees across the energy services and technology sector increases, the industry must continue to concentrate on growing our dynamic and sustainable workforce.”Molly Determan, President, Energy Workforce & Technology Council