Oilfield services sector job gains outpace 2023 growth

In June 2024, the U.S. oilfield services sector experienced an increase in job gains, with a gain of 968 jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by Energy Workforce & Technology Council. In total, the energy services sector currently supports 647,636 jobs across the United States. For the first time in 2024, employment growth outpaced 2023’s growth by almost 450 jobs.

At the national level, the US economy added 206,000 jobs in June; however, the unemployment rate climbed to 4.1%, the highest level since October 2021. The energy service sector’s growth is particularly notable given the broader economic context of rising unemployment rates, suggesting a targeted rebound in energy-specific job markets.

“This uptick in job growth within the oilfield services sector is a positive indicator for American energy production,” said Energy Workforce president Molly Determan in a press release. “Despite economic challenges spanning the national workforce, our sector continues to demonstrate robust growth, driven by advancements in technology and the continued global demand for American oil and gas.”

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