Drivers

Economic Watch: Unemployment Dips Overall and for Trucking

October 22, 2013

By Evan Lockridge

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The nation’s unemployment rate continues moving lower inch-by-inch, hitting a five-year low, according to the U.S. Labor Department.

It fell to 7.2% in September compared to 7.3% in August, due to a net increase of nearly 150,000 jobs with 20,000 of those coming from the construction sector while government payrolls increased by 22,000 jobs with transportation and warehousing gaining 23,400 jobs. For-hire trucking added 1,000 jobs in September with the level of employment being 2% higher than a year earlier.

Also average hourly pay for all non-farm workers moved up slightly to $24.09 a 2.1% increase from a year ago and ahead of the 1.5% inflation rate.

The jobless rate has fallen by 0.7% point since the start of the year.

Despite the decline in unemployment rate, more than 11 million people are still looking for jobs with many analysts referring to this new report as a mixed bag to disappointing due to expectations of better job creation following the net addition of 193,000 jobs in August.

The report was delayed more than two-weeks, due to the recent partial shutdown of the federal government earlier this month

Comments

  1. 1. Stormy [ October 23, 2013 @ 08:14AM ]

    With 800,000 furloughed non-essential government workers on unemployment and not having to pay it back I am anxiously waiting to see what that does to the unemployment rate. But to the point, I have never seen anyone take a sleep apnea test and pass the test. So when FMCSA puts out the rule for required sleep apnea tests if you tell the MRO you take naps during the day then the doctor decides you have extreme fatigue and need a CPAP then watch the drivers carpool to the disability office. THAT should be the convoy to every disability office in the US. At least attention would be put on the real truckers' issue.

 

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