With the holiday season in full swing, transportation jobs are on the rise. The transportation sector gained 16,700 jobs in November, according to the U.S. Department of Labor’s Bureau of Labor Statistics.
Truck transportation subsectors jobs received a gain of 3,000 jobs, for a total of more than 1.4 million jobs. The only transportation subsector to gain more jobs was the couriers and messengers subsector at 4,700 additions.
November’s job addition is an increase from October, which saw a gain of 13,000. September saw sluggish gains at 5,000 additions. Although up from last month, November gains are half as much when much compared to last year. In November 2013, more than 30,000 transportation jobs were added.
Average hourly earnings for the transportation and warehousing sector were $22.90 for November, down a penny from October. Hourly earnings for production and nonsupervisory employees increased by 4 cents to $20.61. Average hourly earnings for private, nonfarm payrolls across all industries increased by 9 cents to $24.66. Compared with a year ago, average earnings have gone up 2.1 percent.
According to the report, the unemployment rate for transportation and material moving occupations is down to 6.0 percent from 9.0 percent last October. The overall unemployment rate for the country dropped to 5.8 percent in October, unchanged from last month which was the lowest rate since July 2008. The number of long-term unemployed remained relatively stagnant for November, but has decreased by 1.2 million in the past 12 months.
Copyright © OOIDA