Job growth reported in oil fields

Oilfield Sector Sees Job Growth in June 2024Oilfield Sector Sees Job Growth in June 2024 According to a report from the Energy Workforce & Technology Council, the U.S. oilfield sector experienced an increase in employment in June 2024. Approximately 1,000 new jobs were added, bringing the total energy sector jobs in the country to 647,636. Based on data from the Bureau of Labor Statistics, the report found that employment growth in the sector was significantly higher in 2024 than in previous years. For the first time, the number of jobs added in June 2024 surpassed 450 compared to the same period in 2023. Oklahoma emerged as a leading state in the sector, ranking third with over 49,000 energy sector employees. Despite a broader economic context of rising unemployment rates, the energy sector’s growth is notable. The U.S. economy added 206,000 jobs in June 2024, but the unemployment rate increased to 4.1%, the highest since October 2021. “This job growth in the oilfield services sector is a positive indicator for U.S. energy production,” said Molly Determan, president of Energy Workforce. “Our sector continues to exhibit robust growth, driven by technological advancements and continued global demand for U.S. oil and gas.” A state-by-state overview of employment in the energy sector in June 2024: | State | Number of Employees | |—|—| | TX | 315,593 | | LA | 54,078 | | OK | 49,285 | | CO | 26,294 | | NM | 24,222 | | CA | 23,703 | | PA | 23,444 | | ND | 20,141 | | WY | 15,025 | | OH | 10,751 | | AK | 10,038 | | WV | 9,909 |

The U.S. oilfield sector saw an increase in jobs in June, according to a report from the Energy Workforce & Technology Council.

In total, nearly a thousand jobs were added, bringing the national energy sector to 647,636 jobs across the country.

Based on data from the Bureau of Labor Statistics, the Workforce Council report found that employment growth in 2024 was nearly 450 jobs higher for the first time than in 2023.

Oklahoma has the third highest number of energy sector employees, at over 49,000.

Nationally, the U.S. economy added 206,000 jobs in June. However, the unemployment rate rose to 4.1%, the highest level since October 2021. The energy sector’s growth is particularly notable given the broader economic context of rising unemployment rates, suggesting a focused recovery in energy labor markets.

“This increase in job growth within the oilfield services sector is a positive indicator for U.S. energy production,” said Molly Determan, president of Energy Workforce. “Despite economic challenges facing the nation’s workforce, our sector continues to exhibit robust growth, driven by technological advancements and continued global demand for U.S. oil and gas.”

Overview by state