Slow Evolving Automotive Market may Impact Green Transition
Crude Oil Production in US Energy Sector Drives Employment in 2024
By Shubhendra Anand , 06 January, 2025
US Energy Sector
Employment in the energy sector continues to grow due to the transition in the energy sector in 2024. The employment energy services sector experiences a significant rate of increase in employment. It continues to grow amidst several industrial challenges.
A survey shows that transition in the energy sector reports improvement in several jobs. The United States energy services sector will create about 968 jobs in 2024. The Bureau of Labor Statistics gave the information, and the Energy Workforce & Technology Council conducted the analysis. It indicates employment growth due to industrial transition in the energy sector. The clean energy transition boosts the rapid transformation of energy.
Moreover, the clean energy transition introduces renewable production. It implies more machinery and industrial work that would ultimately give rise to green energy. However, the increase in employment services is mainly due to the oil and gas extraction industry. Further, it shows a slight increase in employment rate compared to 2023. The United States Energy Services saw an increase of 647,636 in services in June 2024. It reports an increase in the number of jobs for the first time in 2024, surpassing employment growth in 2023. Texas, Oklahoma, and Louisiana are the crucial regions in which to experience the highest number of jobs in the energy sector of the United States in 2024.
Various reasons drive the growth of the oil industry's employment sector in 2024. The clean energy transition implies the transformation of the energy sector with renewables. However, the oil and gas industry is gaining momentum despite the transition in the energy sector. This is due to increased oil demand in the second quarter of 2024. The crude oil production in the United States will increase in the second quarter of 2024. Crude oil production rises to meet the consumer's demand. However, the clean energy transition aims to lower the emissions rate but fails to meet the nation's energy demands. Therefore, it results in crude oil production. Furthermore, an increase in job creation in the American energy sector indicates an increase in energy production in 2024.
Latest News
Slow Evolving Automotive Market may Impact Green Transition
The global automotive industry faces multiple challenges in 2024. It is due to several other reasons apart from its affordability. Since the beginning of 2024, automotive trends have been evolving, shaking the balance of the automotive domain. A…
Indian Ferro Alloys Faces Numerous Challenges in 2024
Ferro alloys play a crucial role in India’s steel industry. The manufacturing and production sector relies on ferro alloys to boost the nation's heavy industries and steel production. A survey of 2024 shows that the ferro alloys market is facing…
High Cost and Infrastructure Constraints Drive the Global EV Sales
The automobile market has experienced a global slowdown since the beginning of 2024. However, the electric vehicle market plummeted over the period in 2024. Several constraints are behind the fall of electric vehicle sales, such as costly raw…
Hydrogen Trains in 2024 to Drive Sustainability
Hydrogen trains signify an essential development in the world's efforts to decarbonize transport. А Hydrogen-powered trains emerged as the fastest way of mobility, with specific coverage and significant developments in several areas, signifying a…
Mexico Energy Sector aims to Expand Clean Energy Transition by 2030
Mexico is progressing rapidly in the renewable energy sector, envisioning double its production by 2030. By 2024, 35% of electricity should come from clean sources, compared to 29% in 2022. With a focus on solar, geothermal, wind, and hydroelectric…
