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The number of jobs in the U.S. truck transportation category rose 4,600 in September, less than half the rate of growth recorded between July and August.
In the latest monthly report released Friday morning by the Bureau of Labor Statistics, truck transportation jobs were reported at 1,454,400 for September, up from 1,449,800 for August. That August number was revised upward from 1,449,500 jobs in the preliminary report released last month.
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With that revision in August, and that the July numbers are now considered permanent and no longer preliminary, it shows that truck transportation jobs rose an even 10,000 positions between July and August, up to 1,449,800 jobs from 1,439,800 jobs. The July number was revised up to 1,439,500 jobs.
The growth between August and September, even in a market for drivers that some analysts are likening to the crazy tightness of 2018, wasn't even half of what the growth was between July and August.
The report for warehousing and storage jobs continues to show the impact of e-commerce. Jobs in that sector rose 32,300 to 1,253,800 jobs. It's also up 66,600 jobs just from July. The growth since July is actually more than the 60,600 job increase from September 2019. The August to September number was slightly less than the 34,400 job increase between July and August.
On the rails, employment inched up 100 jobs to 145,900. That is still well below the 170,000 jobs from September 2019.
FreightWaves will continue to follow this story over the course of the day.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.