Skip to content

Unemployment Declines Again; Trucking Adds Jobs

5/4/2012 9:00:00 AM
Write a Letter to the Editor


Print This

 

The April unemployment rate fell to a three-year low 8.1% and the trucking industry gained 1,800 jobs, the Labor Department said Friday.

The U.S. economy added 115,000 jobs, the fewest in six months, following a revised 154,000 gain in March that was larger than previously reported, Labor said.

Jobs in the transportation and warehousing sector, of which trucking is a part, fell by 16,600 jobs, led by a 11,000-job decrease in transit and ground passenger transportation and a 7,400 payrolls drop for couriers and messengers.

Economists had projected the unemployment rate would hold at March’s 8.2% level, while the jobs gain was short of the 160,000 forecast, Bloomberg reported.

The payroll and unemployment figures are obtained by separate surveys, with payrolls from a survey of employers and the unemployment rate from a survey of households.

Follow Transport Topics on RSS Twitter Facebook


 Print This

 



© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Opinion: Just Who Is Qualifying Whom? (4/30/2012 8:00:00 AM)
Delay in Passing Transport Funding Bill May Spark Credit-Rating Crisis, SP Says (4/16/2012 3:15:00 AM)
Unemployment Rate Drops to Three-Year Low 8.2%; Trucking Jobs Decline (4/6/2012 10:30:00 AM)
U.S. Employers’ Job Cuts Fall 8.8% in March, Report Says (4/5/2012 9:10:00 AM)
Outlook Positive for Trucking, Manufacturers on Inventory Rebuilding, Economists Say (3/26/2012 2:45:00 AM)
Unemployment Rate Holds at 8.3%; Trucking Adds 10,000 Jobs (3/9/2012 12:00:00 PM)
 

Emil Estafanous, CPA, CFF, CGMA