US mining industry added 3,700 jobs in December while oil and gas extraction segment added 300
The US mining industry increased employment by 3,700 jobs to 710,700 positions in December, the Labor Department reported Friday.
The Bureau of Labor Statistics said that the oil and gas extraction sector increased employment by 300 jobs to 154,700 positions.
READ: US mining jobs still buoyant as non-farm payroll figure comes in below expectations
The mining industry excluding oil and gas exploration increased its employment by 900 to 192,100.
The BLS said that coal mining jobs rose by 600 to 53,900 and that nonmetallic mineral mining and quarrying grew by 400 positions to 99,800. Metal ore mining, meanwhile, saw a decrease of 100 jobs to 38,400.
Support activities for mining saw an increase of 2,500 to 363,900.
“It is highly competitive to find and keep experienced employees,” Gold Resource Corp (NYSEAMERICAN:GORO) CEO Jason Reid said in an e-mailed response to questions. “A large percentage of the industry is approaching retirement age, with fewer people entering the industry to replace them.”
The Dow Jones Industrial Average rose 600 points as total non-farm payroll employment increased by 312,000 in December, well above consensus estimates of 177,000 jobs created.
The unemployment rate, however, increased to 3.9%, up from 3.7% in November.
–This story has been updated to add mining sector data and executive comment–
Contact Dennis Fitzgerald at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/211975/us-mining-industry-added-3700-jobs-in-december-while-oil-and-gas-extraction-segment-added-300-211975.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).