Trade Resources Industry Trends Trucking Accounted for 3,200 of The 113,000 Jobs Added in January

Trucking Accounted for 3,200 of The 113,000 Jobs Added in January

Trucking accounted for 3,200 of the 113,000 jobs added in January, and the U.S. unemployment rate fell to a five-year low of 6.6%, the Labor Department reported Feb. 7.

The job increase was below economists' forecasts of 180,000, and employment gains for December and January were revised upward by a total of 34,000, Bloomberg News reported.

The transportation and warehousing sector, which includes trucking, added 10,000 positions in January, after a similar gain in December that had originally been reported as a small decline.

The trucking industry's 100-jobs gain in December was unrevised.

The unemployment rate is the lowest since October 2008. Analysts had forecast it to hold at 6.7%, Bloomberg reported.

Source: http://www.ttnews.com/articles/basetemplate.aspx?storyid=34113&t=Trucking-Adds-3200-Jobs-Unemployment-Rate-Falls-to-5-Year-Low-of-66%25
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Trucking Adds 3, 200 Jobs; Unemployment Rate Falls to 5-Year Low of 6.6%
Topics: Transportation