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August employment numbers show a 700-job gain for the trucking industry, while unemployment dropped to its lowest level since April 2008.
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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.
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Economic Watch: The nation’s unemployment rate fell 0.2 of a percent point in June to 5.3%, its lowest rate since April 2008, while 7,400 jobs were added in the for-hire trucking sector.
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The current trucking employment level is close to its pre-recession peak, while nationwide employers added more jobs during May.
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Unemployment in the U.S. fell in April, hitting a near seven-year low following weak job additions in the first quarter of the year.
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Private sector, non-farm employment increased by less than 200,000 jobs in April for the second straight month, according to a new report released Wednesday.
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Both the unemployment rate and the number of people without jobs fell in February, according to Labor Department figures released Friday.
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According to the U.S. Labor Department, 257,000 jobs were added last month, while total jobs gains in December were revised upward to 329,000 from 252,000.
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Unemployment in the U.S. continued declining in 2014, the best year for job growth since 1999, according to new Labor Department figures. However, wages fell and more people left the labor force.
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Since the end of the "Great Recession" and the start of a recovery, the U.S. economy has gone through two distinct phases, with the latter being the better, and expectations are things will continue to improve.
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