Oil employment's lagging recovery

A new presentation from the Dallas Fed has a chart that caught my eye. It shows how employment in one key part of the industry — extraction and supporting activities — has not bounced back alongside U.S. production, which fell sharply in 2015 after prices collapsed but has been moving up again for a year and heading for record levels.

Data: Federal Reserve Bank of Dallas, Bureau of Labor Statistics; Chart: Axios Visuals