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Data: BW Research; Table: Axios Visuals

Various fossil fuel industries shed a combined 118,000 jobs in the March-July period, per a BW Research analysis.

Why it matters: It's a window onto the effects of the coronavirus pandemic on the sector's workers.

  • Production has declined substantially due to the collapse in demand and prices, although both have seen a partial recovery.
  • "Oil lost the most workers of the fossil fuels, shedding 69,400 jobs or 17 percent of pre-COVID-19 employment. Most job losses were in extraction activities," it states.

Threat level: "While oil, gas, and coal jobs continued to shed during June’s job bump, Hispanic and Latino energy workers were hit the hardest, as 34 percent of derrick operators, rotary drill operators, and roustabouts in the U.S. are Hispanic/Latino," the report finds.

Of note: The analysis doesn't include "many temporarily furloughed or underemployed workers," BW notes.

Go deeper

Nov 24, 2020 - Economy & Business

The media's reckoning over Hispanic representation

Illustration: Sarah Grillo/Axios

The Congressional Hispanic Caucus on Monday met with The New York Times to discuss the lack of Latino representation at the paper.

The big picture: Leaders in the Hispanic community have for years been putting pressure on U.S. media companies to include more Hispanic representation in their coverage. The election has served as a wake-up call for many news outlets to take those calls seriously.

Dems race to address, preempt stimulus fraud claims

Illustration: Aïda Amer/Axios

Biden officials are working to root out the systematic fraud in unemployment and Paycheck Protection Program claims that plagued the Trump administration’s efforts to boost the economy with coronavirus relief money, Gene Sperling told House committee chairmen privately this week.

Why it matters: President Biden just signed another $1.9 trillion of aid into law, with Sperling tapped to oversee its implementation. And the administration is asking Congress to approve another $2.2 trillion for the first phase of an infrastructure package.

2 hours ago - Politics & Policy

Scoop: Biden close to picking Nick Burns as China ambassador

Nicholas Burns. Photo: Alex Wong/Getty Images

Nicholas Burns, a career diplomat, is in the final stages of vetting to serve as President Biden’s ambassador to China, people familiar with the matter tell Axios.

Why it matters: Across the administration, there's a consensus the U.S. relationship with China will be the most critical — and consequential — of Biden's presidency. From trade to Taiwan, the stakes are high. Burns could be among the first batch of diplomatic nominees announced in the coming weeks.