Thread regarding National Oilwell Varco Inc. layoffs

Unemployment now at 4.9%,BS !!

by
| 1194 views | | 4 replies (last February 6, 2016) | Reply
Post ID: @OP+FNfGZy5

4 replies (most recent on top)

That's only part of the story (being actively in the workforce). We feel things quite acutely right now in Houston (and other oil heavy location), but the oil industry is not the only one in the country (or in town).

Scratch the surface Texas has lost 10.5% in Mining/Logging and 4.7% in Manufacturing.

Yes, the numbers are good overall and at the high level, but those of us in oil and gas are really feeling some pain. We also enjoyed an extremely good and long party over the last ten years, while much of the country was not in very good shape.

Don't whine and cry.

Don't complain and point fingers.

Do what Texans and oilmen do best - pick yourself up, dust yourself off, and go find the next opportunity.

by
| | Reply
Post ID: @1ojl+FNfGZy5

EXACTLY. Only those that are able to draw unemployment are actually counted in the percentage. So it is much worse and going to get even more so without the percentages going up.

by
| | Reply
Post ID: @ilr+FNfGZy5

Also, as shitty as this industry is....others aren't anywhere near as bad if bad at all.

by
| | Reply
Post ID: @fox+FNfGZy5

It's not BS... It just means a lot of people gave up on looking for a job. Unemployment numbers only count people WILLING and ABLE to work.

by
| | Reply
Post ID: @oqf+FNfGZy5

Post a reply

: