Trucking Loses 2,400 Jobs in March Payrolls Increase 215,000 as Wages Pick Up inShare Print This E-mail This TruckPR/Flickr Trucking lost 2,400 jobs in March, while the jobless rate crept up to 5% as more people entered the workforce, the Labor Department reported April 1. The transportation and warehousing sector, which includes trucking, lost 2,500 positions, but the transit and ground passenger transportation job sector gained 3,400 jobs. Overall payrolls rose 215,000 after a revised 245,000 February advance, and average hourly earnings increased 0.3% from a month earlier, Bloomberg News reported. The drop in trucking jobs follows a 900 decline in February that was revised up from 600. Total transportation services and warehousing jobs fell by 6,500 last month. “We’ve been through some rough patches, but we continue to generate a lot of jobs,” Ward McCarthy, chief financial economist at Jefferies in New York, who correctly forecast the gain in payrolls, told Bloomberg. “In a consumer-driven economy, that’s going to keep us headed in the right direction.” Construction payroll growth accelerated in March, while manufacturing employment slumped by the most since December 2009. Other industries adding jobs included retail, health care, leisure and hospitality and professional services. Government hiring was the strongest since August, Bloomberg reported. The median forecast in a Bloomberg survey called for a 205,000 advance in total employment, with estimates ranging from gains of 100,000 to 250,000 after a previously reported 242,000 February increase. Revisions to prior reports subtracted a total of 1,000 jobs to overall payrolls in the previous two months. By Staff and Wire Reports Follow Transport Topics on RSS Twitter Facebook © 2016, Transport Topics, American Trucking Associations Inc. Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited. RELATED ARTICLES Initial Jobless Claims Rose Last Week to Two-Month High (3/31/2016 8:40:00 AM) Consumer Spending Rises 0.1% in February for Third Month (3/28/2016 9:00:00 AM) Economy Grew 1.4% in Fourth Quarter, Supported by Consumers (3/25/2016 9:00:00 AM) Jobless Claims Climbed Less Than Forecast Last Week (3/24/2016 9:00:00 AM) Initial Jobless Claims Rise Less Than Forecast (3/17/2016 8:50:00 AM) Core US Consumer Prices Increase More Than Forecast Again (3/16/2016 9:00:00 AM) < More Related Articles… LATEST NEWS Manufacturing Expands for First Time in Seven Months Navistar Agrees to Pay $7.5 Million to Settle SEC Suit Consumer Sentiment Edges Down Amid Economic Concerns Fate of 400,000 Teamsters Pensions Rests in Mediator’s Hands BNSF Starts $180 Million Expansion of California Intermodal Rail Yard Mack Trucks Appoints Senior Vice President for North American Sales More Latest News… LATEST JOBS Transportation Manager & Transportation Supervisor US – PA The Wenger Group Hiring Truck Mechanics and Managers!! US – Nationwide Clarke Power Services / VehiCare National Account Executive US – Nationwide Mercer Transportation Co., Inc. Route Driver US – TX – Houston and Dallas Hoskin & Muir, Inc/Cardinal Shower Regional Operations Manager US – GA Regional Operations Manager Vice President of Compliance and Risk US – NC Confidential Powered By:
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