Trucking Jobs Steady
Trucking Jobs Unchanged as U.S. Unemployment Rises
Payrolls in the trucking industry did not change in February from January while the overall economy added jobs and the unemployment rate rose, the Labor Department said March 7. Trucking had 1.39 million jobs in February on a seasonally adjusted basis, the same as the month before. The transportation and warehousing sector, which includes trucking, lost 3,600 jobs in that period, Labor said in its monthly unemployment report. Overall, the economy gained 175,000 jobs in February while the unemployment rate rose to 6.7% from the prior month’s 6.6%, which was the lowest in five years. The different directions in the two measures show that more people were entering the workforce than the number of new jobs available, Bloomberg News reported. Economists surveyed by Bloomberg forecast a 149,000-job increase after January’s 129,000 new jobs, a figure that was higher than originally reported. The economists expected the unemployment rate not to change from 6.6%.