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Weekly Transportation Update: U.S. adds 206,000 payroll jobs as the unemployment rate rises to 4.1%
The FTR Experts
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Weekly Transportation Update: U.S. adds 206,000 payroll jobs as the unemployment rate rises to 4.1%
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In June, employment showed stability with slower growth and slight revisions from previous months. Job openings remained high, surpassing pre-pandemic levels by about 1 million. Trucking industry employment held steady overall, despite declines in sectors like truckload and local specialized trucking. Economic indicators across sectors varied, highlighting ongoing challenges and adjustments post-pandemic.
- Job openings rise in May after a downward adjustment to April estimates.
- Trucking employment changes little in June as carrier exits slow in Q2.
- Refrigerated van spot rates ease a bit in a typically strong week.
- Rail carload volume in the latest week was up y/y for the first time since March.
