By David Wethe on 8/10/2020
HOUSTON (Bloomberg) --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.
The U.S. oilfield-services sector shed 9,344 jobs last month, a 43% increase from June’s losses, the industry-funded trade group said in a report released Monday. That pushed the industry’s total job casualties since the pandemic emerged to 99,253.
Texas, Louisiana, Oklahoma, Colorado and New Mexico were the hardest-hit regions for oilfield job cuts, according to the report, which crunched U.S. Bureau of Labor Statistics data with help from the University of Houston’s Hobby School of Public Affairs. Oilfield employment in American fields hasn’t been this low since March 2017.
“Industry analysts anticipate additional job losses as the pandemic continues and jobs supported by emergency measures such as the Paycheck Protection Program are threatened by congressional inaction,” the report said. “Additionally, rising infection rates may depress economic activity as communities resume quarantines.”
"come" - Google News
August 10, 2020 at 07:31PM
https://ift.tt/3krPmk2
PESA says oilfield job losses are accelerating, with more likely to come - WorldOil
"come" - Google News
https://ift.tt/2S8UtrZ
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "PESA says oilfield job losses are accelerating, with more likely to come - WorldOil"
Post a Comment