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Mining Industry Loses More Than 12,000 Jobs

Mining Industry Loses More Than 12,000 Jobs
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Continuing a losing streak since a September 2014 peak, the mining industry lost 12,400 jobs in March, according to figures released by the Bureau of Labor Statistics on Friday.

Payroll cuts last month came in well under February losses when more than 18,000 jobs were lost — the most job cuts in nine months.

Oil and gas extraction industry jobs and coal industry jobs each declined by 1,100 last month from the previous month. Oil and gas extraction continue a decline since July 2015.

Overall, U.S. employers added 215,000 jobs in March, compared to 245,000 added jobs in February. The unemployment rate increased to 5 percent, compared to 4.9 percent the previous month.

Morning Consult



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