Energy Jobs Begin Slow Trajectory Upwards

Jobs in the U.S. oilfield experienced a slight gain from the past several months, increasing by 1,466 jobs in the U.S. oilfield services sector during February 2024, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to January numbers and analysis by the Energy Workforce & Technology Council.

Job availability increased by 22.5% compared to January as the market continues to steady itself amid global geopolitical conflicts. Meanwhile, the national U.S. unemployment rate rose from 3.7% to 3.9%. As we head into Women’s History Month, the national unemployment rate for adult women increased to 3.5%.

“As job availability continues to increase in the energy services sector, we remain optimistic for the future of the energy industry. While global turbulence continues to fluctuate across the industry, we remain steadfast in continuing to foster growth and opportunity,’ said Energy Workforce President Molly Determan.

State-by-State Breakdown:

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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