Economic Watch: Trucking, Overall Employment Improve
As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs while the unemployment rate remained unchanged.


As for-hire trucking employment hit its highest level in more than eight years, total non-farm employment in the U.S. increased by 215,000 jobs in July while the unemployment rate remained unchanged.
In the for-hire trucking sector there were 2,800 job gains in July from June, putting its total employment number at more than 1.46 million, its highest level in more than eight years. Meantime, the wider transportation and warehousing sector recorded an increase of 14,400 jobs during July.
The overall employment gain was less than June’s improvement of 231,000, but the unemployment rate remained at 5.3%, the lowest in more than seven years. The labor force participation rate, however, was also unchanged, remaining near a four-decade low, according to the U.S. Labor Department on Friday.
The labor force participation rate measures the share of Americans at least 16 years old who are either employed or actively looking for work. A low rate is sometimes seen as a sign that the job situation is so bad that people have simply given up on finding work, but in reality there are many factors in play, from retiring Baby Boomers to a declining rate of women in the workforce to people whose skills no longer match up with current job openings becoming unemployable.
Employment gains for June and May were upwardly revised by a total of 14,000.
The biggest number of overall jobs gains occurred in the retail, health care, professional and technical services and financial activities fields, according to the report.
“At 215,000, the July rise was certainly a disappointment, falling short of expectations,” said Lindsey Piegza, chief economist at Stifel Fixed Income. “However, upward revisions to the previous two months helped compensate for the slower-than-expected pace. Still, following a 260,000 rise in May, payroll growth has slowed now for the second consecutive month, falling further towards 200,000, the bare minimum of expectations for monthly job gains.”
From the perspective of the Federal Reserve, which has indicated it wants to push interest rates higher this year, this morning’s report was hardly suggestive of improvement, she noted.
“At best, committee members can conclude ‘more of the same.’ However, status quo is hardly a step in the right direction, making it difficult for the Fed to justify a near-term rate increase,” Piegza said. “Of course, for those that are blinded by this ‘need’ for a rate increase, regardless of whether or not the economy is ready, well, through rose-colored glasses, this morning’s report looks good enough."
More Fleet Management

Could Your Truck's Connected Devices Be a Cybersecurity Risk?
ELDs, telematics systems and driver tablets help fleets operate more efficiently. But every connected device needs protection against cyberattacks.
Read More →
Holiday Freight Meets a Tight Trucking Market
There's no freight boom, but truckload carriers are finding themselves in a stronger position to negotiate rates. And holiday shipping demand could tighten the market further.
Read More →
What Trucking Events are Happening in 2027?
Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.
Read More →
Does Your Trucking Fleet Need a New TMS?
Artificial intelligence and better integrations promise less busywork and more useful data. Can your TMS help your company solve problems? Do you need additional vendors or an upgrade? Or is it time to look for a new platform?
Read More →
Fleet Costs Shape ACT Expo 2027 Agenda
With diesel prices high and operating expenses under pressure, ACT Expo's 2027 agenda emphasizes fuel efficiency, AI, safety and the return on fleet technology investments.
Read More →
Does Your Trucking Fleet Need a New TMS? [Video]
Cloud technology, AI and new integrations are changing what transportation management systems can do. But does taking advantage of those advances mean replacing your existing TMS?
Read More →
Road Ready Becomes Saegic, Launches New Trailer Telematics Gateway
Clarience Technologies is rolling out new hardware and expanding its plans for connecting trailer telematics, maintenance data, and video.
Read More →
Give Your Trucking Fleet a Cybersecurity Walkaround
Your fleet's cybersecurity policies may look good on paper. These seven checks can help you find out whether they’re working.
Read More →
Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
