OilField

U.S. oilfield shed 9,344 jobs in July – Oilfield Layoffs Report

The U.S. oilfield-services sector shed 9,344 jobs last month, a 43% increase from June’s losses. That pushes the industry’s total job casualties since the pandemic emerged to 99,253.

Roughneck job cuts accelerated in July and the outlook may worsen as new Covid-19 cases stifle economic activity, according to the Petroleum Equipment and Services Association.

While the U.S. economy added 1.8 million jobs in July, according to the Bureau of Labor Statistics (BLS), the Oilfield Services and Equipment Employment Report found that employment in the oilfield services and equipment (OFS) sector fell by more than 9,300 jobs in July.

According to PESA’s analysis, the following states have lost 4,000 or more OFS jobs in 2020:

Texas 59,200
Louisiana 10,200
Oklahoma 9,200
Colorado 5,000
New Mexico 4,500
California 4,500
Pennsylvania 4,400

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