Image

January opens 2016 with record trucking jobs total

Feb. 5, 2016
For-hire trucking employment hit an all-time high in January, beginning 2016 with 17,700 (1.2%) more jobs than this time last year.

For-hire trucking employment hit an all-time high in January, beginning 2016 with 17,700 (1.2%) more jobs than this time last year.

The gain of 1,500 jobs for the month is a little deceiving: The December total was revised upward by 4,000 jobs and November by 5,400, meaning the 2015 fourth quarter finished strong after an autumn swoon.

This comes as the U.S. economy posted so-so employment gains, up 151,000, according to the latest jobs report from the U.S. Dept. of Labor. The national unemployment rate dipped slightly to 4.9% (the benchmark set by economists for full employment is %5), the lowest rate since February 2008.

The January increase puts the for-hire trucking total at 1.4657 million, 12,300 more jobs than the pre-recession high from January 2007. And there were 232,500 (18.8%) more trucking jobs in January than were reported in March 2010, the low point in the downturn.

Collectively, however, the transportation and warehousing sector lost 20,300 jobs in January, as the seasonal demand for couriers and messengers (down 14,400 jobs) reversed after the holidays.

The gains in broader economy were led by retail trade (+58,000 jobs), food services and drinking places (+47,000), health care (+37,000), and manufacturing (+29,000).

On the losing side, private educational services lost 39,000 jobs in January due to larger than normal seasonal layoffs. Employment in mining (which includes oil and gas extraction) continued to decline in January (-7,000). Since reaching a peak in September 2014, employment in the industry has fallen by 146,000, or 17 percent.

About the Author

Kevin Jones 1 | Editor

Kevin Jones has an odd fascination with the supply chain. As editor of American Trucker, he focuses on the critical role owner-ops and small fleets play in the economy, locally and globally. And he likes big trucks.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...