State of Freight TODAY

Weekly Transportation Update: Unemployment Hits 54-Year Low

Written by The FTR Experts | 5/8/23 3:40 PM

U.S. Economy Adds 253,000 Payroll Jobs in April

  • The unemployment rate again falls to the lowest in 54 years.
  • Closely watched manufacturing indicator improves but still suggests a slowing sector.
  • Refrigerated spot rates see strongest gain of the year in the latest week.
  • Intermodal sets another volume high for 2023.