Trucking employment slipped again in June

| July 07, 2017

Total employment in the for-hire trucking industry fell by 1,400 jobs in June, according to the Department of Labor’s monthly Employment Situation Report, released July 7.

The DOL also downwardly revised May’s employment number by 700 jobs.

June’s dip comes amid an otherwise solid month for employment for the U.S. economy, which added 222,000 jobs in the month. The country’s unemployment rate was 4.4 percent.

Spot market rates spiked in June

Van and flatbed rates soared to multi-year highs. Reefer rates rose to their strongest point in a year.

Trucking industry employment in June totaled 1.4716 million — about 25,000 jobs greater than last June.

The construction industry in June added 16,000 jobs. The manufacturing sector added 1,000 jobs. The transportation and warehousing sector, which includes trucking, added 2,400 jobs.

More About:

, , ,
AD

There are 2 comments

Your email address will not be published. Required fields are marked *