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Trucking added back 10,000 jobs in August, still lags pre-pandemic levels

9/8/2020

Trucking added back 10,000 jobs in August

The for-hire trucking industry added 10,000 jobs on a seasonally adjusted basis in August, according to the Department of Labor’s monthly employment report. That’s the fourth straight month-to-month gain after the huge fallout in trucking employment — 96,700 jobs — in March and April.

Since then, and led by August’s leap, the industry has added back 18,900 jobs as freight volumes and the economy at large recover. Trucking industry employment totaled 1,449,500 in August — down 77,800 from the pre-pandemic high in February and down 67,100 jobs from the same month last year.

The economy as a whole added 1.37 million jobs in August, according to the Labor Department, and the unemployment rate fell to 8.4% — well down from April’s 14.7%, but well up from February’s 3.5%.

Major freight producing sectors like construction and manufacturing continued to add jobs, too. Construction added 16,000 jobs in the month, while manufacturing added 29,000. Likewise, the warehousing and storage sector, part of the broader transportation and warehousing sector, added 34,000 jobs in the month.


Original article provided by:  https://www.ccjdigital.com/ccj-daily-dispatch-sept-8-trucking-added-back-10000-jobs-in-august-still-lags-pre-pandemic-levels/

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Trucking Jobs