The surge in trucking employment came to an abrupt end in May as the industry added a mere 100 jobs on a seasonally adjusted basis, according to the preliminary estimates released June 3, by the U.S. Department of Labor’s Bureau of Labor Statistics.
Through April, payroll employment in trucking for the year had risen by 18,000. BLS did revise its initial April estimate upward by 1,100, however. Compared to May 2010, payroll employment in trucking is up 3.2 percent.
The overall economy put the brakes on hiring as well. While the nation added 232,000 nonfarm jobs in April, it mustered only 54,000 net new jobs in May. The unemployment rate ticked up a tenth to 9.1.
Total employment in trucking in April was just over 1.274 million – down 179,100, or 12.3 percent, from peak trucking employment in January 2007. The BLS numbers reflect all payroll employment in for-hire trucking, but they don’t include trucking-related jobs in other industries, such as a truck driver for a private fleet. Nor do the numbers reflect the total amount of hiring since they only include new jobs, not replacements for existing positions.
Affected tractors are equipped with an automated Eaton UltraShift Plus or Eaton Advantage Transmission with right hand stalk shifter. In the affected trucks, the display on the instrument panel can indicate “N” when the shifter is set into “D” or “R,” causing the truck not to move.