Report: Oil & gas jobs take a nationwide dip

A new report form the U.S. Bureau of Labor Statistics shows that the US lost 1,900 oil & gas jobs in January 2015.

Figures released by the agency on Friday morning show that the sector shrank by 1 percent between December and January.

The number of jobs in oil and natural gas extraction fell from 201,400 to 199,500.

Analysts are blaming the jobs loss on low crude oil prices, which hovered around $50 per barrel this week.

Despite the jobs cuts, the average hourly earnings in the oil and gas sector…