Posted Date : 2015-08-17
July marked the sixth consecutive month of job gains for the transportation sector. After a significant job increase in June, the truck transportation subsector had a modest increase of jobs in July.
The transportation sector gained more than 14,000 jobs in July, according to the U.S. Department of Labor’s Bureau of Labor Statistics.
The truck transportation subsector experienced moderate gains of nearly 3,000 jobs after the industry gained more than 7,000 in June and nearly 9,000 in May. Nearly 7,000 truck transportation jobs were lost in March, the only monthly decrease for the year, leaving a net gain for jobs for the year to date.
Trucks had the second-largest increase within the transportation sector. Transit and ground passenger transportation had an increase of more than 3,000. Only two subsectors experienced losses in July: Water and rail transportation lost 600 and 300 jobs, respectively.
Average hourly earnings for the transportation and warehousing sector were $22.80 for July, up 8 cents from June, the first month-to-month increase since February. Hourly earnings for production and nonsupervisory employees increased 11 cents to $20.77. Average hourly earnings for private, nonfarm payrolls across all industries were $24.99, a 5-cent increase. Compared with a year ago, average earnings have gone up by 2.1 percent.
According to the report, the unemployment rate for transportation and material moving occupations is down to 6.9 percent from 7.7 percent last July. The overall unemployment rate for the country remained unchanged at 5.3 percent. The number of long-term unemployed also saw little change compared with the previous month at 2.2 million. However, that number has decreased by 986,000 in the past 12 months.