Unemployment in the metro area, comprised of
The jobless rates, not adjusted for seasonal variations, rose statewide and in all of
“These rates are in line with historical figures for the month of June,” the report says. “Over the course of a year, the labor force size, available jobs and employment rates undergo predictable fluctuations due to seasonal changes in weather, harvests, major holidays and school schedules.”
An offshore oil bust that started four years ago has eliminated roughly 16,000 jobs, taking a toll on the local economy overall.
Locally, oil and gas production and exploration jobs have not seen a year-over-year gain since
A global crude oil glut forced prices from a high of $115 a barrel in 2014 to as low as $26 a barrel two years later, sparking layoffs and work slowdowns. The
The Gulf rig count, a key barometer for
Here are six trends in the latest jobs report. Figures are not adjusted for seasonal variations:
1. Biggest losses.
Last month’s biggest local job losses came in state government (500), service work (400) and an oilfield-related category labeled “administrative and support services” (200).
2. The local workforce continues to shrink.
The area’s civilian labor force, the number of people working or looking for work, dropped from 107,577 in
3. The area has lost about one-third of its oilfield jobs since the bust began, but the decline has slowed.
Jobs directly involved in oil and gas exploration and production have remained steady since April. The total, 5,300, is down 200 from a year ago. And it’s down 2,500, or 32 percent, since
The trend was similar for oilfield service jobs. About 4,600 people held such jobs in June, no change since April but down 200 compared to a year ago. The total is down 1,800, or 28 percent, since
4. The losses have been worse for shipbuilding and other maritime jobs, but the decline has also slowed.
The local offshore maritime industry employed 3,300 people in June, the same since April but down 200 from a year ago. The local maritime industry has shed 2,900 jobs, or 48 percent, since the oil bust began.
5. Local job gains have outpaced losses so far this year.
The area has gained a net 100 jobs since
6. Unemployment is slightly higher in
— Executive Editor
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