New hires in the oil industry have increased from month to month and year over year according to the latest LinkedIn Workforce Report.
The June report, which tracks data through May 2018, showed a 5.2 % increase in oil industry hires from 2017. This has led to hiring increases in major oil and natural gas industry hubs, like Houston, Texas, which has seen a 12.4% increase in hiring.
Current oil prices are most likely the reason for the increase. According to the report, the price of crude oil and hiring within the industry have shown a tight correlation. With crude prices at their highest since 2014, industry players are beginning to hire again.