10/19/2023
Trucking jobs went up in October, with transportation employment as a whole experiencing a modest monthly increase 📈
Some figures:
🔹 According to the latest numbers from the Bureau of Labor Statistics, more than 13,000 trucking jobs were added to the economy in October.
🔹 Revised numbers show a decrease of 9,500 trucking jobs in September and an increase of 5,000 jobs in August.
🔹 Year to date, trucking employment is still up by more than 62,000 jobs.
Wages continue to rise 📈 in truck transportation. The hourly wage for all employees in the sector rose to $29.70, up from $29.50. For production and nonsupervisory employees, it rose more, to $28.21 from $27.88.
Even with that increase in wages, the Producer Price Index (PPI) for the truck transportation sector — possibly as a result of lower diesel costs — declined 0.5% 📉
The upward move in truck transportation wages contrasted with what happened in warehouses 📦, where the wages for all employees declined 2 cents to $22.39. For production and nonsupervisory employees, it was a 5-cent decline to $21.39. The PPI in warehouses rose 0.2%.
