---
title: "Weekly Transportation Update: Unemployment Plummets to Levels Not Seen in 50 Years"
description: U.S. job growth soars in January on a seasonally adjusted basis.
---

[State of Freight TODAY ](https://today.ftrintel.com)

# [Weekly Transportation Update: Unemployment Plummets to Levels Not Seen in 50 Years](https://today.ftrintel.com/weekly-transportation-update-unemployment-plummets-to-levels-not-seen-in-50-years)

 Written by [The FTR Experts](https://today.ftrintel.com/author/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.

[View full post](https://today.ftrintel.com/weekly-transportation-update-unemployment-plummets-to-levels-not-seen-in-50-years)

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