U.S. job losses in oilfield services and equipment top 100,000: trade group

FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas U.S. February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo

(Reuters) – Oilfield job losses from the COVID-19 pandemic topped 100,000 in the United States in August, according to a report released on Tuesday by trade group Petroleum Equipment & Services Association (PESA), even though some idled drilling projects have resumed.

There was 121,000 oilfield jobs lost in the last 12 months, the report said, with employment in the U.S. sector at its lowest level since March 2017. The bulk of those job losses, 103,420, have come since the pandemic began, the report said.

U.S. crude futures on Tuesday were trading about $37 a barrel, below the cost of production for many U.S. producers. Shale production was 7.6 million barrels per day (bpd) in August, down from 9.2 million bpd in February, before the pandemic crushed fuel demand,

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Douglass Community Services teaches job skills

Posted: Sep. 20, 2020 3:44 pm

HANNIBAL | Douglass Community Services has added a workforce development component to some of its programs to help individuals who are desperate for marketable jobs skills.

For most, these “basics” were taught at an early age, but for some kids and teens, these workplace essentials were never given to them, forcing them tobuild from the ground up. This is when Douglass Community Services steps in to be the link between these individuals and their success in the community.

Douglass Community Services is a partner agency of the United Way of the Mark Twain Area and an active participant in the 2020-21 “Be a Hero” campaign. Douglass serves clients in Ralls, Monroe, Shelby, Lewis and Marion counties, and Pike and Macon counties outside the United Way of the Mark Twain Area service boundaries.

Workforce development is a service that Douglass Community launched as a way

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PSI to Provide Online Proctoring Services for Microsoft’s Global Skills Initiative


Billionaire David Shaw Pours Money Into 3 “Strong Buy” Stocks

Are the tides turning on Wall Street? Stocks fell in the past three trading sessions, as investors abandoned the tech heavyweights that have been at the forefront of the market’s remarkable charge forward. What’s behind the sell-off? Sky-high valuations reminiscent of the dot-com era have sparked fears of a tech bubble. To this end, investors are wondering if this pullback is just a correction, or if it is the start of a larger drawdown.In times like these, the legends can offer some guidance. We are referring to the people that transformed the way we play the investing game, namely David Shaw.A former Columbia University computer-science professor, Shaw founded the D. E. Shaw group at a small bookstore in New York City in 1988. Starting out with six employees and $28 million in capital, he pioneered a new investing approach,

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August Jobs: Goods Versus Services

Almost to the Bottom

I find it helpful to compare everything to the Great Financial Crisis. Most everyone reading this remembers it well, and until now it was the worst economic disaster of our lives. As far as jobs are concerned, we still have a little ways to go to get back to the worst of 2008-2010. As you can see, temporary workers on the 2010 Census helped turn it around a bit, but we are about to lose that 2020 boost, 288,204 jobs on the week of the jobs surveys.

But that green line is hiding a wide disparity across industries and sectors. What we saw in June and July consumption was that services remained terrible, but goods industries were actually above February levels. Many of the services people purchase are closed or unsafe, so they have taken the brunt of the storm.

But people are also stuck in

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