Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Unemployment Falls, Trucking Sheds Jobs

New U.S. Labor Department figures released Friday show more jobs were added in August, but the increase failed to continue the pace of more than 200,000 jobs that had been added each of the previous six months.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
September 5, 2014
Economic Watch: Unemployment Falls, Trucking Sheds Jobs

 

2 min to read


New U.S. Labor Department figures released Friday show more jobs were added in August, but the increase failed to continue the pace of more than 200,000 jobs that had been added each of the previous six months.

Payrolls increased by 142,000 people, the smallest gain in six months. This is compared with a 209,000 increase in July and an average monthly gain of 212,000 over the past year.

Ad Loading...

Despite the smaller gain in August, this pushed the nation’s unemployment rate down a tenth of a percent from July to 6.1%. Over the past year the unemployment rate has dropped by 1.1 percentage points. However, the decline in the rate appears to be due to a drop in the number of people working or trying to find work, with the labor force participation rate falling to its lowest level since the late 1970’s

In trucking, 800 jobs were lost in the for-hire sector during August, while in the wider transportation and warehousing business a total of 1,200 jobs were added.

Overall, businesses added 134,000 jobs in August, according to the Labor Department, while government added 8,000. This compares to a report released Thursday by payroll processor ADP showing private sector employment for the month rose by 204,000 jobs.

Ad Loading...

Total employment gains for July and June were downwardly revised by a combined 28,000, according to the Labor Department. It said the 212,000 new jobs were created in July, up slightly from a preliminary increase of 209,000. June's pickup was reduced to 267,000 from 298,000, still the second highest increase of the year.

"After six consecutive 200,000 plus nonfarm payrolls reports, this morning’s report was a hard pill to swallow," said Lindsey Piegza, cheif economist at the investment firm Sterne Agee. "Even with growing optimism of a near-term boom, it is clear the economy still has lingering barriers to overcome, particularly when it comes to still-lackluster wage growth. Despite strong headline job creation, it has not been enough to translate into upward momentum in wages as employers continue to rely on temporary, flexible, and low-cost labor."

More Fleet Management

Red Kodiak-branded autonomous tractor with Charger-branded trailer backed up to warehouse
Fleet Management•October 30, 2026

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 →
Illustration with Star of David and EEOC logo
Fleet Management•by News/Media Release•October 28, 2026

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 →
Truck on divided interstate highway driving toward sunrise
Fleet Management•October 27, 2026

Your Trucks Are Busy. That Doesn’t Mean They’re Winning.

High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.

Read More →
Ad Loading...
ATA economist Bob Costello speaking beside a graph showing truckload operating costs rising as freight revenue per mile declined after 2022.
Fleet Management•by Deborah Lockridge•October 22, 2026

Why This Trucking Recovery Is Different

Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.

Read More →
PS Coach tablet interface showing a driver’s coaching inbox, safety event video and coaching advice for a harsh-braking event.
Fleet Management•by News/Media Release•October 21, 2026

Platform Science Adds Dispatch and Safety Tools

Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.

Read More →
Screen capture showing PrePass Intelligence data on tolls
Fleet Management•by News/Media Release•October 21, 2026

PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data

PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.

Read More →
Ad Loading...
Computer screen showing examples of what fleets could ask Motive AI Agents to do
Fleet Management•by Staff•October 20, 2026

Motive Adds AI Agents for Fleet Operations

New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.

Read More →
Graphic art with a heavy-duty tractor trailer and a work truck with the words "trivia lunch"
Fleet Management•by Lauren Fletcher•October 19, 2026

Can You Beat Our Trucking Trivia Challenge?

Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?

Read More →
Four horizontal and two vertical video screens show different aspects of BeyondTruck's new compatibility engine
Fleet Management•by Deborah Lockridge•October 19, 2026

BeyondTrucks Adds Rules Checks to Dispatch

New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.

Read More →
Ad Loading...
Gloved hand fueling a truck beside a graphic listing ATRI’s top three trucking concerns for 2026: fuel prices, lawsuit abuse reform and CSA.
Fleet Management•by Deborah Lockridge•October 19, 2026

Diesel Prices Hijack Trucking’s Worry List

ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.

Read More →