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Trucking Gains 700 Jobs, Unemployment Drops to 5.1%

September 4, 2015

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Photo: Schneider National
Photo: Schneider National

The trucking industry showed a slight gain of 700 jobs in August and unemployment fell to 5.1% according to the latest numbers from the U.S. Labor Department.

The trucking industry ended the month at a seasonally adjusted 1,458,800 jobs for the month, an increase of 39,300 jobs over August 2014.  Total nonfarm payroll employment rose by 173,000 jobs for the month, down from the 12-month average of 247,000 job s gained per month.

The unemployment rate fell to its lowest level since April 2008 and the number of unemployed persons in the country dropped to 8 million.  Since last August, unemployment has dropped by 1 percentage point and 1.5 million people.

The number of unemployed for less than 5 weeks decreased by 393,000 to 2.1 million people in the month while the number of long-term unemployed – those jobless for 27 weeks of more – held at 2.2 million.

The long-term unemployed made up 27.7% of all unemployment and but has seen a decline in the past 12 months of 779,000 people.

Comments

  1. 1. Clifford Downing [ September 08, 2015 @ 04:26AM ]

    700 jobs, industry wide, 1 month? Would seem hardly worth reporting. In the big pond, that is hardly a rain drop. This is a net gain in trucking jobs of .00005 percent. Boy that's progress.

  2. 2. Mike [ September 08, 2015 @ 06:18AM ]

    LOL! And three of those jobs went to buddies of mine, who quit their jobs in July and hired on at new outfits in August... And that 5.1% unemployment number? You cannot be serious! The Labor Participation number is at an all time high, nearly 1/3 of American Citizens are now out of the workforce. That is 1/3 of the population that is able bodied and able to WORK. 5.1% my rear end.

 

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