Shale worker pay hits an industry record, rising above $43 an hour

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The relative strength in shale employment data bucked an overall national trend in the economy that saw the jobless rate jump and paycheck growth ease.

While wages in the shale patch have been forecast to continue increasing — albeit at a slower pace — over the next couple of years, explorers are already

beginning to report cost deflation for key equipment as demand for oilfield services weakens. That could ultimately lead to a cooling off in workers’ earnings, too.

 

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