PESA OFS Sector Jobs Report
Each month, PESA uses data published by the U.S. Bureau of Labor Statistics to estimate oilfield services and equipment sector employment. PESA’s analysis includes the economic activities of OFS companies, which include oil and gas extraction, construction and manufacturing. The OFS sector includes companies involved in oilfield equipment manufacturing, drilling, well completions, pressure pumping, pipeline construction and more.
Employment is a key indicator of the health of the OFS sector, which plays a critical role in the technology-driven energy value chain. Job losses jeopardize the energy supply chain by draining the sector of the innovative men and women who develop the technologies that increase efficiency, improve environmental performance and reduce greenhouse gas emissions.
For questions or additional information, contact PESA Director Communications & Research Kevin Broom.
OFS sector losses since pandemic began
OFS jobs added in December
Lost in annual wages
America’s oilfield services and equipment sector employment edged higher for a fourth month, adding an estimated 4,592 jobs in December, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Petroleum Equipment & Services Association (PESA).
BLS revisions showed the sector gained 1,643 jobs in September, 4,331 in October, and 4,261 in November. OFS sector employment has increased by nearly 15,000 jobs over the past four months, according to preliminary BLS data, after losing nearly 100,000 due to the pandemic.READ MORE