Q4 2014: Weak Quarter Despite Solid Overall Year

In the fourth quarter of 2014, the U.S. oil and gas industry created 2,000 new positions, representing the fewest number of oil and gas jobs added in a quarter since the third quarter of 2012. Despite small fourth quarter gains, 36,900 new positions were added in 2014. This represents the largest number of positions added annually in three years, according to Rigzone’s analysis of data from the Bureau of Labor Statistics.

Q4_2014_SnapshotThe category of production and non-supervisory workers saw a slight decline in numbers this quarter, with 3,500 jobs created compared to 10,900 jobs in Q3. However, 4,800 more positions were added in this category in 2014 than last year, totaling 29,300 new positions for the year.

Turnover for the fourth quarter was below the third quarter high of 21,000, with 14,300 professionals in mining and logging (our proxy for the oil and gas industry in the U.S.) voluntarily leaving their positions on average monthly.

For the full report, please visit: Rigzone’s Q4 Energy Trends Report.