Trucking job losses in June largest in more than a year

By Tyson Fisher, Land Line staff writer | Friday, July 08, 2016

Transportation jobs experienced its fifth monthly loss in June, including the fourth decrease in trucking jobs.

The overall transportation sector lost more than 9,000 jobs in June, according to the U.S. Department of Labor’s Bureau of Labor Statistics. Since the beginning of the year, the transportation and warehousing sector has a net loss of more than 29,000 jobs.

The truck transportation subsector experienced a decrease of approximately 6,300 jobs in June after the industry lost 2,400 in May and gained 700 in April. Year-to-date, the trucking subsector has a net loss of 9,500 jobs. June’s loss was the largest monthly decline since last March when the trucking subsector lost 6,800 jobs.

Trucking experienced the largest decrease with 3,000 fewer jobs, followed by “transit and ground passenger transportation” with a decrease of 6,000. After two consecutive months of the largest decrease, the warehousing and storage subsector saw the largest increase with 4,700 more jobs in June, reducing the net loss for the transportation sector.

Last year, the trucking industry suffered a loss in only two out of 12 months. Nearly 7,000 trucking jobs were eliminated last March and 4,000 eliminated in September. December’s increase of more than 23,000 jobs was the largest in 2015.

Average hourly earnings for the transportation and warehousing sector were $23.29 for June – a 21-cent increase from May. Hourly earnings for production and nonsupervisory employees increased 19 cents to $21.07. Average hourly earnings for private, nonfarm payrolls across all industries were $25.61, 2 cents higher from the previous month. Compared with a year ago, average earnings have gone up by 2.6 percent.

According to the report, the unemployment rate for transportation and material moving occupations is down to 6.7 percent from 6.9 percent last June. The overall unemployment rate for the country was up 0.2 percentage points to 4.9 percent, first increase since April 2011. Over the past five years, the unemployment rate each month has either declined or went relatively unchanged. The number of long-term unemployed changed little to 2 million, accounting for approximately one quarter of the unemployed.

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