Pace of energy job cuts slowing, even as hourly earnings holding up, what gives?

posted in: Commodities, Economy, Equities | 0

Energy stocks correlate with oil price; former holding up better in current decline Sector job cuts mediocre; oil and extraction hourly earnings another high in Feb Companies acting as if bottom is in for oil; investors buying into this optimism … Continued

Judge oil-and-gas employment situation through Challenger windshield not BLS’ rearview mirror

posted in: Commodities, Economy | 0

BLS’ January oil-and-gas-extraction data gives false sense of security Challenger survey shows 20k energy job-cuts in Jan, more than in all of 2014 Boom bust normal in U.S. oil patch, but shale boom of last five years like no other … Continued