State of Freight TODAY

Weekly Transportation Update: Unemployment Plummets to Levels Not Seen in 50 Years

Written by The FTR Experts | 2/7/23 2:00 PM

U.S. job growth soars in January on a seasonally adjusted basis.


  • The unemployment rate declines, matching levels not seen since the 1960s.
  • The ISM manufacturing index falls deeper into contraction territory.
  • Dry van and refrigerated spot rates continued their seasonal declines.
  • Intermodal volumes show no sign of improvement or conversion.