Across the oil and gas industry, 1,949 jobs were added in the United States, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to June numbers and analysis by the Energy Workforce and Technology Council (Energy Workforce). Despite preliminary BLS data suggesting an initial loss of 117 jobs, adjusted data showed an increase of 787 jobs. The updated figures represent a 0.4 percent increase across the oil and gas industry, indicating that the historical oil and gas market continues to recover post-pandemic.
Employment across the sector is increasing but still off the pre-pandemic level of 706,528 in February 2020. Across the entire U.S. job market, the economy added 187,000 jobs in August, exceeding economist predictions. Meanwhile, the national unemployment rate rose from 3.5 percent to 3.8 percent.
“Employment across the oil and gas industry continues to grow, indicating our continued demand for a skilled workforce, ” said Molly Determan, President, Energy Workforce and Technology Council. “As demand for employees across the energy services and technology sector increases, the industry must continue to concentrate on growing our dynamic and sustainable workforce.”
The innovative men and women who comprise this sector are leaders in developing and deploying innovative technologies on a global scale that increase efficiency, improve environmental performance, and reduce greenhouse gas emissions.
Energy technology and services sector employment is estimated by analyzing data published by the U.S. Bureau of Labor Statistics and covers the economic activities of energy technology and services companies, which include oil and gas extraction, construction, and manufacturing. Total employment is estimated using the Quarterly Census of Employment and Wages, published by BLS, and jobs data reported by BLS monthly.