Trucking job growth halts in May

Trucking Jobs June 2011 Report E1307105763183

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 Friday, June 3, by the U.S. Department of Labor’s Bureau of Labor Statistics. Through April, payroll employment in trucking had risen by 18,000. BLS did revise its intial 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.