The 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.
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