Trucking employment falls to lowest point in nearly six years

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Total employment in the for-hire trucking industry tumbled in April by 88,000 jobs, according to the Department of Labor’s monthly Employment Situation Summary.

That loss accounts for nearly 6 percent of the entire trucking workforce, and was part of the broader economy’s shedding of 20.5 million jobs in the month as the economic freeze under the COVID-19 coronavirus outbreak and corresponding shelter in place orders from states spurred a wave of temporary and permanent job losses.

The U.S. unemployment rate grew to 14.7 percent in April, which does not account for job losses over the past week, when another 3.2 million filed for unemployment. Trucking’s 1,435,600 million total jobs, down from 1,523,900 in March, is the lowest since November 2014, according to DOL data.

The industry’s job losses are in line with data from surveys conducted weekly by Trucks, Parts, Service since the COVID-19 coronavirus outbreak began. In late April, 29 percent of responders to a TPS reader survey said they had decreased their workforce amid the downturn.

The economy’s job losses were most pronounced in the leisure sector, in which 7.6 million people lost their jobs in April. That sector includes hotels, restaurants and bars, museums, performing arts and sports.

However, no sector in the economy was untouched.

The broader transportation and warehousing sector, which includes trucking, dropped 548,000 jobs, with transit and ground transportation dropping 185,300 jobs and air transportation falling by more than 140,000 jobs.

Major freight producing sectors fell significantly, too. Construction lost 975,000 jobs, and manufacturing dropped by 1.33 million.

The retail trade sector lost 2.1 million jobs. The information sector lost 254,000 jobs, and the financial services sector fell by 262,000 jobs. Employment in the professional and business services sector fell by 2.12 million jobs, and employment in the education and health services sector fell by 2.5 million.

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