What Bad Jobs Report? Gains in the Oil and Gas Sectors

Written By Christian DeHaemer

Posted April 10, 2017

The March jobs report was abysmal.

Only 98,000 jobs were added, much less than the expected 180,000, and it made the markets tremble.

The jobs report was bad news for most of the country…

But it actually showed something important for the oil and gas industry…

It’s on the rise.

Oil jobs 134

The oil and gas sector had much to rejoice over when the report came out, because mining (which the oil and gas sector are placed in) gained 11,000 jobs, with jobs in oil and gas extraction jumping by 1,800.

This is big news, because this time last year the mining sector was losing about 18,000 jobs per month, and now they’ve gained 35,000 since last October.

Oil prices have been hovering at about $50 a barrel which is allowing U.S. shale producers to make a profit once again, which in turn is leading to an increase in employment opportunities.

The U.S. rig count is also up, hitting the highest number of active rigs –583– in 16 months in February, with U.S. oil exports hitting record highs in February as well.

Oil is back with a vengeance.

Angel Publishing Investor Club Discord - Chat Now

Even Amazon is Investing in Nuclear

Amazon, the global e-commerce powerhouse, is gearing up for a groundbreaking energy revolution. Teaming up with three leading nuclear company, they're making waves with an innovative plan to utilize nuclear energy using Small Nuclear Reactors (SMRs) . The e-commerce giant signed three deals for SMR development in Virginia. We reveal the names and ticker symbol of the company they're partnering with in our FREE report, "Even Amazon Is Investing in Nuclear." This news could make their share price sky rocket at any moment! Sign up below to get your free copy delivered to your inbox right away.

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.