ARTICLE
19 January 2017

Hiring Increases Have Begun

GP
Goldin Peiser & Peiser, LLP

Contributor

Goldin Peiser & Peiser, LLP
The Bureau of Labor Statistics reports that the number of U.S. workers employed in the oil and gas extraction industry has begun to increase, after hitting a five-year low in July.
United States Energy and Natural Resources

The Bureau of Labor Statistics reports that the number of U.S. workers employed in the oil and gas extraction industry has begun to increase, after hitting a five-year low in July.

"Oil companies are starting to hire back workers as they add rigs to the shale patch in North America to take advantage of oil prices above $50/bbl," writes World Oil's David Wethe.

He adds that explorers in the U.S. have already added more than 100 rigs since September.

A total of 440,131 oil jobs were lost around the world, with 21% of those layoffs coming from explorers and producers. However, explorers are expected to boost capital expenditures by 7% in 2017.

To read more, see Wethe's full article from World Oil.

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