U.S. Energy Services Employment Rises 3,619 in May as Sector Extends 8,000-Job Recovery
Updated
Updated · WorldOil · Jun 8
U.S. Energy Services Employment Rises 3,619 in May as Sector Extends 8,000-Job Recovery
3 articles · Updated · WorldOil · Jun 8
Summary
U.S. energy services employment climbed by 3,619 jobs in May to 633,115, marking a third straight monthly increase and extending the sector’s rebound from January’s recent low.
More requests for work and improving activity across parts of the sector drove the gains, according to the Energy Workforce & Technology Council’s analysis of preliminary Bureau of Labor Statistics data.
Since bottoming at 625,057 jobs in January, the sector has added more than 8,000 positions, though industry leaders described hiring as measured rather than the rapid expansion seen in past upcycles.
Companies are still balancing stronger demand against uncertainty over commodity prices, global markets and geopolitics, while the broader U.S. labor market added 172,000 jobs in May.