Commodity Trade Mantra

Posts Tagged ‘Job Losses’

Job Cuts Surge As Outlook On Oil Prices Remains Sober

It may be too early to determine whether oil prices, which began falling a year ago, were now forcing the energy industry to go beyond cutting fat & is now gouging into the very sinew of its operations, but it’s clear that they’re convinced that other economies simply weren’t enough to keep themselves afloat. The job losses probably should come as no surprise.

When "Rumor Becomes Reality" - This Is The Devastation Across The US Oil Patch

Trouble has been looming over the oil patch since crude prices began falling last summer, from over $100 a barrel to under $50 today. But only now are the long-feared effects of a bust starting to ripple through the complex energy ecosystem. Cutbacks aren’t yet reflected in broad data on employment, home sales or tax collections.

Hiring In The US Remains Far Below Pre-Recession Levels

While the US may have, somehow, recouped all of its post-recession job losses as was widely trumpeted everywhere on Friday, it sure didn’t achieve this courtesy of a vibrant hiring labor market. In fact, the pace of US hiring is still just about half of where it should be based on the pre-recession trends.

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