The Rising Influence of Rising Affluence

[OakesCS]

WJS story "Cheap oil should fuel US economy"

Story includes:
"There were a sea­sonally ad­justed 193,300 oil-and-gas ex­trac­tion jobs in the U.S. last month, accord­ing to the La­bor Depart­ment, down from 201,200 at the end last year."

Considering that SLB alone has reduced headcount by at least 20k in the last 6 months with most of those jobs in the U.S., I question the veracity and classification schemes of the US Labor Dept.