May marked the fourth consecutive month of job gains for the transportation sector. After suffering a significant job loss in March and minor gains in April, truck transportation – a subsector – had significant gains in May.
The transportation sector gained more than 13,000 jobs in April, according to the U.S. Department of Labor’s Bureau of Labor Statistics.
The truck transportation subsector experienced a significant gain of nearly 9,000 jobs after the industry lost nearly 7,000 jobs In March. Nearly 2,000 truck transportation jobs were added in April.
Truck transport exhibited the highest gains with an addition of nearly 9,000 jobs. Only three of 10 subsectors showed losses with “support activities for transportation” losing the most with 1,100 fewer jobs.
Average hourly earnings for the transportation and warehousing sector were $22.84 for May, up 8 cents from April. Hourly earnings for production and nonsupervisory employees increased 10 cents to $20.76. Average hourly earnings for private, nonfarm payrolls across all industries increased 8 cents to $24.96. Compared with a year ago, average earnings have gone up by 2.3 percent.
According to the report, the unemployment rate for transportation and material moving occupations is down to 7.0 percent from 8.2 percent last May. The overall unemployment rate for the country made little change at 5.5 percent. The number of long-term unemployed remained relatively stagnant for May, but has decreased by 849,000 in the past 12 months.
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