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

What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →
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 →

