Trucking Industry Loses 1,400 Jobs in January, Labor Department Reports inShare Print This E-mail This John Sommers II for Transport Topics For-hire trucking lost 1,400 jobs in January, while overall payrolls increased by 227,000, the Labor Department reported Feb. 3. Transportation and warehousing, which includes trucking, lost 4,000 positions. The warehousing and storage sector gained 9,400 positions, the Bureau of Labor Statistics reported. The increase in December payrolls followed a 157,000 rise in December. The median forecast in a Bloomberg News survey of economists called for a 180,000 advance. The jobless rate rose to 4.8%, and average hourly earnings grew 2.5% from January 2016, the weakest since August, Bloomberg News reported. Support activities for transportation lost 5,600 jobs, and the couriers and messengers sector lost 7,400 position, according to BLS. “There’s more slack in the labor market than the unemployment rate implies, but we’re continuing to make progress in absorbing that slack,” Russell Price, senior economist at Ameriprise Financial Inc. in Detroit, told Bloomberg. “As that happens, wage and salary growth should gain additional traction.” The January results were helped by hiring in construction, retail, finance and professional services. The 36,000 increase in construction payrolls was the largest since March, Bloomberg reported. By Transport Topics Follow Transport Topics on RSS Twitter Facebook © 2017, Transport Topics, American Trucking Associations Inc. Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited. RELATED ARTICLES Replay: LiveOnWeb on ‘The Safe Driver Checklist’ (2/3/2017 10:00:00 PM) How Washington DOT Uses Bombs, a Howitzer and an M60 Tank to Keep the Roads Open (2/3/2017 11:00:00 AM) Infrastructure Bank Proponent Rep. John Delaney to Co-Lead Democrats’ Task Force (2/2/2017 6:00:00 PM) Rail Industry Urges Flexible Regulatory Structure at Senate Hearing (2/2/2017 12:00:00 PM) Filings for Jobless Benefits Fell to 246,000 Last Week (2/2/2017 8:55:00 AM) Cargo Thefts Cost Businesses $114 Million in 2016 (2/1/2017 2:00:00 PM) < More Related Articles… LATEST NEWS DriverTech Offers ELD With Video Capture America’s Biggest Asphalt Plant Is Shutting When the Country Might Need It Most FreightRover Launches App-Based Freight Platform Minnesota Trucking Association Chooses Matheson as Truck Driver of the Year Volvo Said to Be Working With Investment Bank to Sell Defense Division How Washington DOT Uses Bombs, a Howitzer and an M60 Tank to Keep the Roads Open More Latest News… LATEST JOBS ‘Courier/ Last Mile’ Business Development Manager US – CA – Carlsbad eCapital, LLC Local transport company seeking Operations Manager US – DE – Delaware City Eagle Transport Corporation GENERAL MANAGER US – WI – Roberts River States Truck and Trailer, Inc Diesel Technician/ Mechanic US – PA – New Kingstown Crete Carrier Sales Manager US – IN Confidential Freight Sales Representative US – WI – Milwaukee Taylor Made Express Powered By: Follow Us Subscribe Facebook Twitter LinkedIn YouTube RSS Newsletters
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