September marked the eighth consecutive month of job gains for the transportation sector. However, after a slight job increase in August, the truck transportation subsector lost jobs in September. The transportation sector gained more than 3,000 jobs in September, according to the U.S. Department of Labor’s Bureau of Labor Statistics, the lowest monthly growth since January when the industry lost nearly 9,000 jobs. The truck transportation subsector experienced a loss of 4,000 jobs after the industry gained 700 in August and nearly 3,000 in July.
September is only the second month of 2015 in which the trucking industry lost jobs. Nearly 7,000 truck transportation jobs were lost in March. Trucks experienced the largest job loss with transit and ground passenger transportation losing the second most with more than 1,000 jobs eliminated from the workforce. Couriers and messengers received the largest injection of jobs with an increase of 3,000.
Average hourly earnings for the transportation and warehousing sector were $22.86 for September, an 8-cent increase from August. Hourly earnings for production and nonsupervisory employees decreased 4 cents to $20.64. Average hourly earnings for private, nonfarm payrolls across all industries were $25.09, unchanged from the previous month. Compared with a year ago, average earnings have gone up by 2.2 percent. According to the report, the unemployment rate for transportation and material moving occupations is down to 5.8 percent from 6.8 percent last September.
The overall unemployment rate for the country stayed stagnant at 5.1 percent. According to The Washington Post, the unemployment rate for August and September is the lowest since April 2008 and is considered to be “full employment.” The number of long-term unemployed saw little change compared with the previous month at 2.1 million. However, that number has decreased by 847,000 in the past 12 months. - See more at: http://www.landlinemag.com/Story.aspx?StoryID=29892#.Vg_e2t-FO9I
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