US Trucking Jobs Dip Below October 2022 Levels After Revisions and Declines


📉 US Trucking Jobs Dip Below October 2022 Levels After Revisions and Declines.

The US truck transportation jobs declined in both June and July, marking the first back-to-back monthly drops since the pandemic began. The Bureau of Labor Statistics reported that the sector lost 2,900 seasonally adjusted jobs in July, bringing the total to 1,604,300 jobs, the lowest since September 2022. The decrease in employment is attributed to poor trucking conditions and declining rates, which have squeezed carrier profit margins. Warehouse jobs also continued to decline, while rail jobs saw a slight increase but are still below pre-pandemic levels. Experts predict that trucking employment may continue to fall until rate conditions improve.

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