A report by the Federal Reserve Bank of Dallas indicated that, in May, employment in the Permian basin remained steady, hovering around 158,000 jobs since February. This comes following the period between mid-2014 and early-2016, when Permian employment dropped from approximately 180,000 to approximately 150,000 jobs.

Source: Federal Reserve Bank of Dallas

The unemployment rate itself decreased from 4.4% in April to 4.1% in May. From mid-2014 to mid-2016, the unemployment rate grew from approximately 3% to approximately 6%.  While the gro...

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