Pandemic Wiped 91,680 Jobs in U.S. Oilfield Services Sector

Pandemic Wiped 91,680 Jobs in U.S. Oilfield Services Sector

Barring a handful of sectors across the globe, almost every sector has been severely impacted because of the pandemic. According to a monthly report compiled and published by Petroleum Equipment & Services Association (PESA) on Tuesday, the U.S. oilfield services sector lost 91680 jobs because of the pandemic. With the oil prices at low prices, several oilfield services had to file for bankruptcy and it led to massive job cuts. The sector's employment grew by 0.4% in November. More about this here

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Articles

With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...Read more

Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...Read more

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...Read more