Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Trucking Adds to U.S. Job Growth, Manufacturing Surges

The number of jobs created in the U.S. posted its sixth straight month of being above the 200,000 mark in July but the number was softer than the previous month’s level.

by Staff
August 1, 2014
Economic Watch: Trucking Adds to U.S. Job Growth, Manufacturing Surges

 

3 min to read


The number of jobs created in the U.S. posted its sixth straight month of being above the 200,000 mark in July but the number was softer than the previous month’s level.

Labor Department figures issued Friday show payrolls increased by 209,000 while the U.S. unemployment rate moved up one tenth of a percentage to 6.2%, as more people entered the labor market. This follows 298,000 jobs being added in June.

Ad Loading...

Figures for June and May were also revised upward showing 15,000 more jobs were created that reported earlier.

Over the past 12 months, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points and 1.7 million, respectively.

For-hire trucking added 2,300 jobs in July while the June figures was revised upward. The wider transportation and warehousing sector saw nearly 7,900 job additions while the June level was revised downward.

Ad Loading...

“While certainly welcomed improvement, from the Federal Reserve’s perspective it’s not just about the headline number, it is about the composition of jobs and whether or not an increase in the quality of employment is translating into wage pressures,” said Lindsey Piegza, Chief Economist for the investment firm Sterne Agee.

She pointed out in the latest Federal Open Market Committee statement, the Fed was optimistic regarding the recent improvement in the economy, as well as their expectations for growth going forward, but the biggest impediment to both the recovery and the Fed’s willingness to raise interest rates remains the “underutilization of labor market resources.”

“This morning’s employment report, looking beyond the headline number, continues to justify the Fed’s accommodative position. Despite headline employment growth, average hourly earnings remain stagnant, the augmented unemployment rate remains elevated and the participation rate is disappointingly low,” Piegza said.

Wall Street on Thursday was concerned about the jobs report due to fears that if unemployment was shown to be falling fast, it could cause the Federal Reserve to further taper its bond buying program and raise interest rates sooner than planned. This caused the stock market on Thursday to have one of biggest single-day drops of the year.

Meantime, a separate report, also issued Friday, shows economic activity in the manufacturing sector expanded in July for the 14th consecutive month, according the nation's supply executives, hitting its fastest pace since April 2011.

Ad Loading...

The Institute for Supply Management’s Purchasing Managers Index for July registered 57.1%, an increase of 1.8 percentage points from June's reading of 55.3%. A reading above 50% indicates expansion.

The New Orders Index registered 63.4%, an increase of 4.5 percentage points from the 58.9% reading in June, indicating growth in new orders for the 14th consecutive month. The Production Index registered 61.2%, 1.2 percentage points above the June reading of 60%. Employment grew for the 13th consecutive month, registering 58.2%, an increase of 5.4 percentage points over the June reading of 52.8 percent.

Comments from the panel were generally positive, while some indicated concern over global geopolitical situations."

Of the 18 manufacturing industries, 17 reported growth in July.

More Fleet Management

Lance Evans, Director of Safety at K&B Transportation.

Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation

How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.

Read More →
TEN disaster prep.
Fleet ManagementMay 1, 2026

How Fleets Can Avoid Equipment Blind Spots in Disaster Response

When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.

Read More →
Illustration of cybersecurity images with "The Cyber Stop" text
Fleet Managementby Ben WilkensApril 30, 2026

AI Security Risks for Trucking Fleets: What to Know About Deepfakes and Agentic AI

As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.

Read More →
Ad Loading...
Mobile tablet showing Motus screen against highway background with Motus logo

FMCSA’s Motus System Is Coming. What Fleets Need to Know Now

The long-awaited registration system promises a single portal — and tighter fraud controls.

Read More →
CargoNet 2026 Qi report.
Fleet Managementby News/Media ReleaseApril 24, 2026

Cargo Theft Incidents Fall in Q1, but Organized Crime and Impersonation Drive New Risks

CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.

Read More →
Graphic with light bulbs, HDT Truck Fleet Innovators logo, and the word Nominations
Fleet ManagementApril 24, 2026

Nominations Open for HDT Truck Fleet Innovators 2026

Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.

Read More →
Ad Loading...
Illustration with trojan horse and lock with inside of cargo container in background
Fleet Managementby News/Media ReleaseApril 23, 2026

New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems

Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.

Read More →
ATA Truck Tonnage Index March 2026.
Fleet Managementby News/Media ReleaseApril 22, 2026

March Truck Tonnage Posts Strongest Annual Gain Since 2022

A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.

Read More →
Toll road.
Fleet Managementby Jack RobertsApril 22, 2026

Ohio Turnpike Targets $5.2 Million in Unpaid Tolls from Trucking Firms

More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.

Read More →
Ad Loading...
Illustration with ATRI logo and square blocks spelling out "research"
Fleet Managementby Deborah LockridgeApril 20, 2026

'Beyond Compliance,' Regulations, Driver Coaching on ATRI’s 2026 Research List

The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.

Read More →