Oil Price Drops Create TX Employment Challenges

Posted October 23, 2015 at 6:00am

The Houston Chronicle reports that “as the oil collapse tosses Houston’s economy into upheaval, folks across the energy capital of the world have watched the flurry of pink slips with anxiety, many pondering the same questions.”  

“How many jobs have been lost to falling oil prices? How many more energy workers will wind up on the chopping block before the industry recovers?”  

“Several months since the layoffs began, nobody knows exactly how many jobs have disappeared in Houston and across Texas amid a global crude slump that shows no signs of budging. Economists, analysts and recruiters have scoured complicated government payroll data for clues, drawing conclusions from opaque company press releases, and spitting out an almost comical range of guesses.”