Transportation Hiring Increased in February
Trucking companies working with the for-hire model managed to increase the overall industry's hiring record by 3.7 percent during February. This was slightly less than the increase seen in January. The Bureau of Labor Statistics gathered all of this data in their monitoring of the trucking industry. The biggest employers increased the number of truck driving jobs by 4.1 percent during January of 2012. The rise was measured against the records for the same month in the previous year. December of 2011 also saw a 3.7 percent rise over the year before. All of these figures were calculated with data that had been adjusted for seasonally changes.
The new opportunities in the truck and freight industry outweighed the rise in non-farm employment average across the entire job market. The Bureau of Labor Statistics recorded the creation of 227,000 jobs in total through February. This created a 1.6 percent increase compared to February 2011. The unemployment rate is still at 8.3, which it has been at for the past two months. This translates into 12.8 million people without any form of employment. Payroll also rose during the month, by approximately 0.2 percent, over January payroll reports. This calculated to about 132 million dollars paid to workers in non-farm positions.
These increases in truck driving jobs demonstrate the hard work that companies in the truck industry have been doing to increase their work forces. The recession caused most trucking companies to cull workers by the dozen, but increasing demand is necessitating the regrowth of the industry. The companies are reporting that individual drivers have been the hardest to find. Motor carriers are having a hard time replacing the drivers that they had to fire just a few years ago. This makes it challenging for the industry to respond quickly as shipping channels grow once again.
Some companies are simply acquiring new drivers by purchasing smaller carriers. Celadon Trucking used the acquisition route instead of trying to fill specific truck driving jobs. This gives them access to a large pool of qualified and experienced drivers very quickly. Total employment for the industry is still down, but is slowly recovering. Total jobs fell by 15 percent in the months between March 2010 and January 2007. The small gains over each month of 2011 helped the industry nearly reach 2006 levels of employment. Total payroll has also climbed since 2007, to a current total of 7.9 percent.
All of this information was compiled by the Bureau of Labor Statistics. The Bureau is only tracking 100,000 companies in the industry, but they feel that this group is large enough to provide an accurate sample. These companies created 10,000 new jobs in February 2012, and 47,000 more positions over the entire course of 2011.