Trucking Industry Loses 1,400 Jobs in January,

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 January 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 How One Tea Party Conservative Took On a Highway Department Dynasty (3/20/2017 2:45:00 PM) Georgia UPS Driver Inducted Into Company’s Circle of Honor for 25 Years of Accident-Free Driving (3/20/2017 9:00:00 AM) Letters: Entry-Level Driver Training, Cost Containment (3/20/2017 4:00:00 AM) Mid-America Trucking Show Features Return of 3 Heavy-Duty Truck Makers (3/20/2017 3:15:00 AM) The Troubled, Covert Agency Responsible for Hauling the Nation’s Most Lethal Cargo (3/17/2017 4:40:00 PM) Trump’s ‘Skinny’ Budget ‘Just the Beginning’ of Process, Says Secretary Chao (3/17/2017 3:00:00 PM)  < More Related Articles…   LATEST NEWS Diesel Price Declines 2.5¢ to $2.539 a Gallon Volkswagen Trucks Division Targets Strong Profitability Gain in 2017 Port of Savannah Shipments Reach All-Time High Uber Says Trade Theft Case Is Between Otto Chief and Google New, Safer US Rail Cars Gather Dust Even as Ethanol Trains Grow Longer Oil Drops as US Drilling Growth Threatens to Counter OPEC Cuts   More Latest News…   LATEST JOBS Branch Manager – Yakima, WA US – WA – Yakima Freightliner Northwest Operations Manager US – MI – Romulus Compass Lease Sales Representative US – TN – Nashville ELDS Fleet Maintenance Manager US – TX – Houston Service Transport Company Outside Parts Sales Person US – TX – San Antonio Utility Trailer Sales Southeast Texas, Inc. Account Manager US – MI – Romulus Compass Lease Powered By: Follow Us Subscribe Facebook Twitter LinkedIn YouTube RSS Newsletters TTExpress This free daily newsletter delivers the latest headlines. TT Executive Suite This subscriber-only

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