Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

Unemployment in the United States has fallen to its lowest levels since 2008, according to data from the Bureau of Labor Statistics. U.S. unemployment fell to 5.5% in the month of February. The last time unemployment was below 5.6% was May 2008, when employment was 5.4%. Levels of unemployment have been trending downward since October 2009, when one in ten in the United States was unemployed.

During an exclusive interview with Oil & Gas 360®, Art Hogan, Chief Market Strategist for Wunderlich Securities, said that more jobs were one of the main tailwinds leading to an economic recovery in the U.S.

“Two-thirds of our GDP is driven by the consumer,” said Hogan. “And the consumer has three tailwinds that are just now showing themselves: higher levels of employment, low energy costs and consumer confidence that is at a level that we haven’t seen since before the recession.”

 

Graph shows unemployment as a percentage Source: Bureau of Labor Statistics.

Graph shows unemployment as a percentage, month-to-month, from January 2005 to the present. Source: Bureau of Labor Statistics.

By sector, construction saw the largest change in unemployment, having 2.2% lower unemployment in 2015 than in 2014. The sector with the lowest unemployment overall was government workers at 2.4% overall unemployment, according to statistics from the Bureau of Labor Statistics.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.


Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.