Transportation & Warehousing Snapshot

02 Feb 23

Warehousing Struggles Continue

Employment Trends in Transportation and Warehousing

The overarching transportation and warehousing sector gained 5,000 jobs in December, but warehousing fared poorly. The subsector lost 3,000 jobs last month, ending the year with a sixth straight month of losses. The surge in demand for warehousing workers, driven by consumer demand, cooled off in 2022. If consumers continue with their services-heavy spending patterns in 2023, demand for warehousing workers will likely remain subdued.

Transportation sectors, meanwhile, added jobs and offset losses. Air transportation gained workers during the month of heavy holiday travel, adding 3,200 jobs. Transit and ground passenger transportation also made gains, adding 4,700 jobs.

Enjoying this report?

Download to continue reading

The BoE’s Renewed “Optimism” About the Economic Outlook

02 Feb 23
The Bank of England's new economic projections show much less pessimism about the labor market and economic growth in the short term.
3 minutes

Slowing Wage Growth Is Actually a Good Thing

31 Jan 23
Wage growth slowed in the fourth quarter of 2022, encouraging news for Federal Reserve officials worried about too strong growth.
2 minutes

Sign up to receive the latest updates!