Employment Trends in Transportation and Warehousing
Transportation and warehousing jobs grew at a trickle in August, adding 4,800 jobs. Despite ballooning inventories and rising fuel costs, the Ecommerce economy is still humming along.
Warehousing and storage jobs have shown one of the strongest growth trends since the COVID-19 pandemic. But that has begun to change this summer, with job gains stalling. In August, warehousing lost 6,000 jobs, the second straight monthly decline. Various transportation industries have largely been gaining jobs steadily, led by air transit rising an average of 5,130 over the last three months through August. Warehousing and storage job trends have cooled significantly, now posting negative growth over the last three months; ditto for rail transit. Ground and air transportation have been growing robustly, at an 11% annual rate. Trucking job growth is weaker, although still positive.
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