For-hire trucking companies added 5,000 payroll jobs in January on a seasonally adjusted basis as the overall economy added 157,000 nonfarm jobs, according to the latest estimates released Feb. 1 by the Bureau of Labor Statistics. The national unemployment rate ticked up slightly to 7.9 percent.
Payroll employment in trucking in January totaled 1.375 million jobs — up 0.36 percent from December and 47,400 jobs, or 3.6 percent, from January 2012. The total number of seasonally adjusted payroll jobs is higher than previously reported because BLS has adjusted figures going back at least five years. Trucking employment is up by 141,100 jobs, or 11.4 percent, from the bottom in March 2010, but it remains 78,300 jobs, or 5.4 percent, below the January 2007 peak.
The BLS numbers for trucking 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 reflect the number of employees paid during a specified payroll period during the month. Due to high turnover rates, the BLS estimates may overstate the number of job positions due to the methodology used in the agency’s Current Employment Survey.
Also of Interest »