Economic Watch: Trucking Employment Surges, Overall Jobs Moderate
The number of U.S. non-farm jobs added in March moderated while trucking added the most jobs in recent memory, according to a new Labor Department report.

The number of U.S. non-farm jobs added in March moderated while trucking added the most jobs in recent memory, according to a new Labor Department report.
Overall, 103,000 jobs were added for the month, far short of analysts’ expectations of a 185,000 gain, and well below February’s jump of 326,000 new jobs.
Also, the total number of job additions for January and February were revised downward by 50,000 jobs. Despite this and the March performance, employers have added a healthy average of 211,000 jobs per month in the past six months.
All this kept the nation’s unemployment rate at a 17-year low of 4.1%, where it’s been for six straight months.
In for-hire trucking, there were 6.700 job additions in March, following the 6,000 added during February. The wider transportation and warehousing sector added 9,800 jobs in March, due not just to trucking, as the couriers and messengers, and warehousing and storage categories also reported solid gains.
March for-hire trucking employment totaled nearly 1.48 million-- that's up 23,000 jobs from the same time a year earlier.
Employment also grew in manufacturing, health care, and mining. Manufacturing jobs rose by 22,000, with all of the gain in the durable goods component. Year over year, manufacturing has added 232,000 jobs. The durable goods component accounted for about three-fourths of the jobs added, according to the department.
Some overall moderation was widely expected going into the report given the surge in February, according to Paul Ferley, assistant chief economist at RBC Economic Research.
“More robust employment gains were also expected to be reflected in the unemployment rate dropping to 4.0% from February’s rate of 4.1% though today’s report indicated that this rate remained unchanged,” he said. “That said, the current unemployment rate still remains below the Federal Reserve’s assumed long-run range of 4.3% to 4.7%.”
Ferley said this new report provides confirmation of tight labor markets, as the annual increase in wages rose to 2.7% in March from 2.6% in February and a 2017 average of 2.5%.
“The likelihood of labor markets operating beyond capacity is possibly starting to limit firms’ ability to find new workers, particularly after outsized gains in recent months,” Ferley said.
The report follows ones from a couple of days earlier showing private sector employment increased by 241,000 jobs in March and that manufacturing in March remained strong.
More Fleet Management

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →How Waste Connections is Using Data, Telematics, and AI
How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.
Read More →
Why Fleet Data Matters More Than Ever at Waste Connections [Watch]
Waste Connections' Chuck Palmer explains how telematics, predictive maintenance, safety analytics, and AI help keep vehicles on the road and drivers safe in this episode of HDT Talks Trucking.
Read More →
NMFTA Launches Free, Anonymous Cybersecurity Threat Report Portal
Organizations are encouraged to anonymously report freight fraud, cargo crime, and cyber threats while gaining visibility into incidents reported across the transportation sector.
Read More →
AI Can Optimize a Fleet. Can It Replace Human Judgment?
Fleets fear falling behind if they don’t adopt AI quickly enough. They also fear what happens if the technology makes the wrong decision.
Read More →
Jamie Hagen Gets Real About Running a Small Fleet in an Uncertain Economy
Small fleet owner Jamie Hagen says new legal risks, volatile fuel prices, and a changing freight market are forcing small carriers to rethink how they operate — and what they can afford.
Read More →Jamie Hagen Gets Real About Freight, Fuel Prices, Safety, and Small-Fleet Survival
Running a small trucking fleet right now isn’t easy, especially right now. And Jamie Hagen doesn’t sugarcoat it.
Read More →Jamie Hagen Gets Real About Freight, Fuel Prices, Safety, and Small-Fleet Survival
Running a small trucking fleet right now isn’t easy, especially right now. And Jamie Hagen doesn’t sugarcoat it.
Read More →
Data Lock‑In or Integration Lock‑Out?
Data fragmentation is costing dealerships, OEMs, fleets, and upfitters millions. Here’s why interoperability may be the fix the trucking industry needs.
Read More →What Trucking Fleets and Brokers Need to Know About This Supreme Court Case
In May, the U.S. Supreme Court ruled that freight brokers can be held liable for damages if a truck they have contracted with is involved in an accident. Listen as this transportation attorney breaks down the ruling and its implications for the trucking industry.
Read More →
