May Employment Report: OFS Jobs Continue To Rise As U.S. Labor Market Gains

Employment in the U.S. oilfield services, and equipment sector rose by an estimated 4,774 jobs to 628,793 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council, and after adjustments to April numbers. April adjusted number of 624,019 is up from the preliminary of 622,309. Gains in May were made in five out of seven categories tracked, with the largest gains coming in support activities in mining (oil and gas sector) and heavy and civil engineering construction. Slight loses were seen in petroleum and coal products manufacturing, and in machinery manufacturing (in mining, oil and gas).

The data reported is the highest since September 2021 when total jobs rebounded to 643,057, but still off the pre-pandemic mark in February 2020 of 706,528. The growth in May comes as overall U.S. employers added 390,000 jobs, and the unemployment rate remains at 3.6%. Job increases came mostly in leisure and hospitality in May.

“It’s encouraging to see job growth increases in the sector. We are continuing to make gains from our pandemic lows and have seen seven straight months of gains,” said Energy Workforce & Technology Council CEO Leslie Beyer.

“I’m optimistic that our industry and workforce are up to the challenge to meet growing global demand by increasing domestic production while reducing global emissions. Without the powerhouse of American energy, the world suffers, the economy suffers, and millions of people face energy and food insecurity. We can unleash our domestic production while moving towards a lower carbon future if we keep our focus on emissions reduction instead of limiting our own resources.” Energy Workforce CEO Leslie Beyer

May State-by-State Breakdown

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.

Note: BLS data is preliminary for the two most recent months and is subject to revision. Energy Workforce incorporates monthly totals according to BLS corrections, and updates the statistical model quarterly.