Reuters A coalition of U.S. oil producing states has asked the Trump administration for stimulus funds to hire laid off energy workers to plug abandoned wells, a proposal aimed at fending off unemployment while tackling a growing environmental problem, a spokeswoman for the group said. The request from the Interstate Oil and Gas Compact Commission, a consortium of 31 states,
From The Hill The U.S. economy added 155,000 jobs in November, below estimates and cooler than October, but the labor market continues to maintain momentum. The unemployment rate held at 3.7 percent for the third straight month, the lowest level since December 1969, the Labor Department reported on Friday. Expectations has been for around 190,000 jobs to be added. Employment
Oil & Gas industry gains 8,000 jobs in May The U.S unemployment rate has now dropped to 3.8%. Unemployment rates have not been this low since 2000, and the trajectory is down from double digit unemployment in 2009-2010 in the wake of the Great Recession. In total, payroll unemployment decreased by 223,000 in May bringing the total number of
A report by the Federal Reserve Bank of Dallas indicated that, in May, employment in the Permian basin remained steady, hovering around 158,000 jobs since February. This comes following the period between mid-2014 and early-2016, when Permian employment dropped from approximately 180,000 to approximately 150,000 jobs. The unemployment rate itself decreased from 4.4% in April to 4.1% in May. From
Where are the new jobs that accompany a robust economy? According to the U.S. government’s Bureau of Labor Statistics’ job numbers released today, in September 7.9 million people were unemployed, which is 5% of 158 million people with jobs in the U.S. workforce. Digging a little bit into the government’s employment/unemployment numbers adds color to the report. U-3: the official unemployment
The Bureau of Labor Statistics released the June report on unemployment today. Unemployment fell from 5.0% to 4.7% and the economy added only 38,000 jobs in May. The job gain was the lowest since 2010. In the last few years, the market has averaged gains of 200,000 jobs per month. April’s gains of 123,000 jobs and the May gain of
U.S. unemployment continues to drop while oil and gas industry sheds jobs The U.S. economy added 151,000 jobs in January, according to the latest release from the Bureau of Labor Statistics. The additional jobs pushed unemployment below the 5% mark for the first time since February 2008, just before the collapse of Bear Stearns and the financial crisis. The job
U.S. economy adds 292,000 jobs in December 292,000 new jobs were added to the U.S. economy in December, according to information from the Bureau of Labor Statistics. Most of the added jobs came from construction, health care and business services, with the three accounting for half of the new jobs added last month. The stronger than expected job growth seen
Study finds hydraulic fracturing added 725,000 jobs during the Great Recession The energy boom brought on by hydraulic fracturing helped to soften the blow from the Great Recession, a new study conducting by the National Bureau of Economic Research found. Between 2005 and 2012, 725,000 jobs were added to support the oil and gas industry as it rapidly expanded thanks
The Federal Reserve (Fed) announced the addition of 169,000 jobs in its August 2013 report, and said the 7.3% unemployment rate is the lowest in five years. More than 300,000 jobs were added since June 2013. Average hourly earnings rose to $24.05, a $0.05 increase, and the average work week ticked up to 34.5 hours from 34.4, implying companies are
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