Trucking sheds 3,500 jobs in June

By Avery Vise on

The for-hire trucking industry continued to pull back from its recent hiring binge, cutting another 3,500 payroll jobs in June, according to preliminary estimates released by the U.S. Bureau of Labor Statistics. The reduction was on top of a revision in May figures to reflect a loss of 2,600 jobs rather than the 700-job reduction initially reported last month.

The economy as a whole continued to add net new jobs, however. Total nonfarm payroll employment increased by 195,000 in June, and gains in April and May were revised upward to about that same number, according to preliminary BLS figures. In June, employment rose in leisure and hospitality, professional and business services, retail trade, health care and financial activities. The unemployment rate was unchanged at 7.6

The 1.3797 million payroll jobs in for-hire trucking is up by 30,300 jobs, or 2.2%, from June 2012. Trucking employment is up by 145,700 jobs, or 11.8%, from the bottom in March 2010, but it remains 73,700 jobs, or 5.1%, below the peak in January 2007.

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.

Avery Vise

Avery Vise is executive director, trucking research and analysis for Randall-Reilly Business Media and also serves as senior editor, industry analysis for Commercial Carrier Journal. Previously, he was editorial director of Randall-Reilly’s Fleet/Dealer/Aftermarket group and had served as chief editor of CCJ for 10 years. From 1985 to 1998, Vise worked for McGraw-Hill’s Aviation Week Group, covering Congress and the Department of Transportation for publications about the commercial aviation industry. He has received numerous awards from American Business Media and the American Society of Business Publication Editors for his coverage of the trucking industry. Vise is a graduate of Georgetown University in Washington, D.C., with degrees in government and history.

3 comments
Jr
Jr

you keep hoping, this economy is terrifying, we farm and truck, all we feel is an employee of the government, the feds pay the farmer to keep the corn and milk prices down so you can afford to feed your children; been this way since the 30's. as soon as the fed backed off stimulus,  the fuel, started to fly, (lots of inflation taking place , they worried about the dollars vaulue up or down, if down, no goods can be bought, if too high commies cant buy your goods,) fall is already on the ramping up fuel prices will start to go u and up, get your heat ready now.  , the driver shortage in itself is a scam, the salve wages, long hours, and thieves, keeps a shortage of low wage drivers,/cheap freight, and foreigners on our highways. and of course newbies to get scammed by rogue owners/co.&feds/, the shortage is fake, used to allow Mexican truck/drivers for completion of nafta;, wiping out the international trade zone; aminesty soon. nothing like competing with communist for a salary.   this is how the gov does it.  they create a need, and say that we citizens wont do the job, then they dems and rep, open the door to more cheap labor,  the market on housing is rebounding because of low interest and downsizing of homes purchased. so the numbers if they are correct are in your favor, that means you wont have to compete with communist citizens looking for seasonal work to come run your wages down. 

John Licht
John Licht

As they say at the Barbershop, figures don't lie, but liers figure.  The numbers sound misleading for several reasons.

1.  The economy is still growing (perhaps not has quickly as we would like, but still expanding)

2.  The housing market is rebounding.

3.  There continues to be a driver shortage

4.  The new Hours of Service Rules just started days ago, which will impact driver pool availability.

5.  Crude Oil prices are back over $100 a barrel, and drilling activity is expanding,  resulting int ehe need for additional drivers.

6.  It is also vaction time for a lot of drivers, and relief drivers are needed.

 

I just do not trust those figures.

 

JML

 

 

 

 

 

 

 

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