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Even The US Energy Sector Lost Jobs

Rob WileApr 5, 2013, 18:19 IST

Wikimedia CommonsOil wells offshore at Summerland, California c. 1915The oil and gas extraction industry lost 600 payrolls in March, according to the BLS report out this morning.

That ends a 27-straight month period without job losses for the sector.

Total payrolls fell to 192,500 from 193,100.

We shouldn't necessarily be surprised — oil prices have now entered their second year of a downward trend.

But natural gas prices rose practically every other day in March thanks to the cold snap.

One data point does not a trend make, but watch this space.

For more on today's jobs report, see here >