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Tag Archives: oil job cuts

Economy, unemployment changes hiring practices

WICHITA FALLS, Texas — Local staffing agencies have seen a shift in recent months regarding who and what North Texas employers are searching for to fill vacancies. A low unemployment rate and an adverse change in the oil and gas industry from this time last year has changed the hiring landscape in the area. Employers were clamoring for welders and ...

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Oil field job cuts cross 150,000

Job slashing from the oil bust reached a staggering 150,000 at the end of May, according to energy recruiting firm Swift Worldwide Resources. In a recent Fuel Fix publication, Swift elaborated that when compared globally, the United States has seen the “the fastest and steepest decline.” Layoffs have slowed dramatically as oil prices have just begun to regain some footing ...

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Statoil to cut up to 2,000 staff, consultants

STOCKHOLM — Norwegian oil and gas company Statoil says it will lay off up to 1,500 staff and 500 consultants by the end of to slash costs. The state-controlled company said Tuesday the layoffs are a continuation of a cost-cutting program started in 2013, “well ahead of the current downturn” and the slump in the oil price. Chief operating officer ...

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Texas jobless rate holds steady at 4.2 percent in April

AUSTIN, Texas — The Texas unemployment rate for April held steady at 4.2 percent. The Texas Workforce Commission on Friday announced last month’s statewide jobless figure compares to nationwide unemployment of 5.4 percent. Texas through March had seven straight months of unemployment rate declines. Amarillo had the state’s lowest jobless rate for April at 2.7 percent. Commission officials say McAllen-Edinburg-Mission ...

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The rig count misnomer?


Numerous stories have been dished out covering the continuous rig count depletion happening across the nation. But while reducing oil rigs may have helped boost oil prices over the past month or so, it will do little to nothing in slowing production or alleviating the oil glut on the market, according to analysis from Goldman Sachs. “Our bottom-up analysis suggests ...

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