Friday’s jobs report out of the Bureau for Labour Statistics skyrocketed past expectations, adding 280,000 jobs.
Despite a small uptick in the unemployment rate, there was mainly good news, with hourly wages increasing, and more people joining the labour market.
Sectors such as hospitality, retail and healthcare led the way with solid job gains.
The only bad news in the report, then, was from the mining industry.
The BLS reported the mining and logging industry shed 18,000 jobs in May, the third straight month in which it declined.
In total, mining has lost 68,000 in 2015. It was one of only two industries that had negative growth, the information sector lost 2,000 jobs but still has increased overall this year. Much of the decline can be attributed to the oil and gas industry, whose drilling operations fall into this sector.
The largest chunk of the losses was from support activities for the rigs, where there were 17,000 jobs fewer in May.
With crude oil prices declining, many companies have chosen to close some rigs and increase outputs in order to cut costs. According to numbers from Baker Hughes today, 7 more oil rigs in the US were shut down in May, bringing the net rig count for the past 12 months to -992 in the US.
While prices may be recovering slightly, the consistency of high global supply and the efficiencies put in place by producers in the US may mean that these jobs have not hit rock bottom.