petroleum engineerThe number of job openings in Texas for “petroleum engineers” and “geological and petroleum technicians” increased from 611 in March 2015 to 661 in April 2015, while the searcher-to-job opening ratio also increased from 0.67 to 1.97 in the same span.petro_engineer_2015_04The number of job openings in Texas for “derrick operators” and “roustabouts” increased from 172 in March 2015 to 181 in April 2015, while the searcher-to-job opening ratio decreased from 6.90 to 2.29 in the same span.

roustabout_2015_04

Source: BLS

Image source: http://wonderfulengineering.com/what-is-petroleum-engineering/

Total number of job openings and median searcher-to-job ratio across all MSAs (metropolitan statistical areas) for each major occupational group in Texas in April 2015.

Texas April 2015

Occupation Number of Openings Searchers-to-Job Ratio
Installation, maintenance, and repair occupations 20,665 0.46
Transportation and material moving occupations 22,804 0.46
Sales and related occupations 35,166 0.63
Office and administrative support occupations 63,846 0.71
Management, business, and financial occupations 66,443 0.81
Farming, fishing, and forestry occupations 1,138 0.82
Service occupations 76,080 1.06
Construction and extraction occupations 17,819 1.24
Production occupations 24,018 1.24
Professional and related occupations 96,547 1.28

Source: BLS

healthcare

The number of job openings in California for nurses, therapists, and physician assistants increased from 15,983 in March 2015 to 20,399 in April 2015. The searcher-to-job opening ratio increased from 1.22 to 2.16 in the same span.

 

nurse_2015_04

Source: BLS

Image source: http://pediatric-nurse-practitioners.blogspot.com/2012/12/top-5-cardiac-care-nursing-jobs-for-we.html

innovation

The number of job openings in California for “Innovation Type Jobs” increased from 24,870 in March 2015 to 29,183 in April 2015. The searcher-to-job opening ratio also increased from 0.54 to 1.34 in the same span.

Innovation jobs definition: http://www.employstats.com/blog/2014/09/26/1233/

innovation_2015_04

Image source: http://www.bizjournals.com/sacramento/news/2013/09/23/symposium-innovation-ecosystems-jobs-wea.html

texas-oil-and-gas-image

The oil and gas extraction industry in Texas gained 500 jobs from February 2015 to March 2015. Compared to March 2014, the cumulative number of jobs added in this industry is 2,100, an increase of 2.1%.

Source: http://www.tracer2.com/admin/uploadedPublications/2133_TLMR-March_15.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/

cpi

general_inflation_2015_02The consumer price index (CPI) went up from 234.677 in January 2015 to 235.186 in February 2015, an annualized rate of 2.60%.

medical_commodities_2015_02 medical_services_2015_02

The price index for medical care commodities went down at an annualized rate of 0.06% from January 2015 to February 2015. During the same period, the price index decreased for medical care services (2.31%), hospital and related services (2.32%), and professional services (1.86%).

Source: BLS

Image source: http://www.shutterstock.com/pic-54762670/stock-photo-background-concept-illustration-consumer-price-index.html

Both crude oil and natural gas prices decrease in March

Posted by Dwight Steward, Ph.D. and Ryan Willett | Industry

prices_2015_03

WTI crude oil price decreased from $49.84 per barrel in February 2015 to $48.66 per barrel in March 2015. Natural gas price fell from $2.79 per million BTU (one million BTU is approximately 974 cubic feet) in February 2015 to $2.64 per million BTU in March 2015.

production_2015_01

Texas crude oil production for January 2015 was 68,949,268 barrels, down from 77,599,222 barrels reported in December 2014. Texas natural gas production was 607,631,634 Mcf (thousand cubic feet) of gas in January 2015, down from the December 2014 gas production total of 674,495,129 Mcf.

Sources: eia.gov, rrc.state.tx.us

texas-oil-and-gas-image

The oil and gas extraction industry in Texas lost 1,100 jobs from January 2015 to February 2015. Compared to February 2014, the cumulative number of jobs added in this industry is 1,400, an increase of 1.4%.

Source: http://www.tracer2.com/admin/uploadedPublications/2133_TLMR-March_15.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/