Here's How Bad Energy Sector Layoffs Are in 2015

Slumping oil prices have been a benefit at the pumps, but its wreaking havoc on our nation's energy workforce. Amid a 55% plunge in crude oil prices since last June, there have been roughly 91,000 energy sector layoffs announced since late December. Warnings about unstainable debt held by energy companies and a burst of bankruptcies are expected to result in more pink slips. Here's why that's so troublesome for the U.S. economy... Tags: energy industry , energy layoffs , energy sector , energy sector layoffs , energy stocks , Layoffs , layoffs 2015 , oil and gas industry , oil companies , oil layoffs To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's How Bad Energy Sector Layoffs Are in 2015 appeared first on Money Morning - We Make Investing Profitable .