Mining Industry Loses 125,000 Jobs Since Last May

The mining industry lost 10,200 jobs in May, marking more than 125,000 job losses in the past year, according to data released by Bureau of Labor Statistics on Friday.

However, May’s payroll cuts show improvement compared to February’s, when almost 18,000 jobs were lost.

The oil and gas extraction industry workforce decreased by 1,700 jobs in May, marking 19,300 job losses from a year ago. The coal mining industry lost 1,600 jobs in May, down 12,500 jobs in the past year.

Overall, U.S. employers added 38,000 jobs in May, a significant drop compared to April’s 123,000 payroll additions. The unemployment rate declined by 0.3 percent to 4.7 percent.