Oilfield service jobs rise in December, bucking slowdown in U.S. hiring

Oilfield service jobs rise in December, bucking slowdown in U.S. hiring

A drilling rig operates within the Permian Basin oil and pure fuel manufacturing space in Lea County, New Mexico, U.S., February 10, 2019. REUTERS/Nick OxfordJan 10 (Reuters) – The U.S. oilfield companies and tools sector added 7,450 jobs in December, whilst total hiring in america slowed, in accordance with a report launched on Monday by the Power Workforce & Know-how Council, an business commerce group.The sector has regained some 62,289 jobs since shedding a peak of roughly 109,000 jobs in February of 2021 on account of the coronavirus pandemic, the report mentioned. The pandemic-related losses have resulted in about $5.6 billion in misplaced annual wages, in accordance with the Council.U.S. oil costs are up about 50% from a 12 months in the past, buying and selling round $78.59 a barrel on Monday . The oil and fuel rig depend was at 588 within the week to Jan. 7, in accordance with knowledge from vitality companies agency Baker Hughes , the very best since April 2020.Texas, the most important U.S. oil producing state, has added practically 22,000 oilfield jobs previously 12 months, bringing its complete to roughly 321,300, in accordance with the Council. That’s adopted by Louisiana, which added 3,757 such jobs to carry its complete employment to 51,300.Register now for FREE limitless entry to Reuters.comRegisterReporting by Liz Hampton in Denver
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