Click to Enlarge.
The unemployment rate in the U.S. transportation sector was 4.2% (not seasonally adjusted) in July 2022 according to Bureau of Labor Statistics (BLS) data on the Bureau of Transportation Statistics (BTS).
This means that the July 2022 rate – by falling 3.1 percentage points from 7.3% in July 2021 – is now same as the pre-pandemic July level of 4.2% in July 2019. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May 2020 and July 2020 under the failed policies and denials of what would become the voted-out Trump Administration in November 2020. Thus the Biden Administration policies continue to strongly benefit the economy and US workers.
Unemployment in the transportation sector is slightly above overall unemployment. BLS reports that the US unemployment rate, not seasonally adjusted, in July 2022 was 3.8% or 0.4 percentage points below the transportation sector rate. Seasonally adjusted, the U.S. unemployment rate in July 2022 was only 3.5%. This means that 528,000 were created/restored last month recession. Repeat, all of the jobs lost in the coronavirus recession are back.. Unemployment fell to 3.5%, the lowest level since the pandemic struck in early 2020. Plus there were 130,000 more jobs created in July than there in June – the most since February.
“The unemployment rate now matches the lowest it’s been in more than 50 years: 3.5%. More people are working than at any point in American history, and it’s the result of my economic plan to build the economy from the bottom up and middle out,” President Biden tweeted. (Visit us on Titter: Ken Zino AutoInformed – @AutoinformedKen
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Transportation Unemployment Now at Pre-Pandemic Levels
Click to Enlarge.
The unemployment rate in the U.S. transportation sector was 4.2% (not seasonally adjusted) in July 2022 according to Bureau of Labor Statistics (BLS) data on the Bureau of Transportation Statistics (BTS).
This means that the July 2022 rate – by falling 3.1 percentage points from 7.3% in July 2021 – is now same as the pre-pandemic July level of 4.2% in July 2019. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May 2020 and July 2020 under the failed policies and denials of what would become the voted-out Trump Administration in November 2020. Thus the Biden Administration policies continue to strongly benefit the economy and US workers.
Unemployment in the transportation sector is slightly above overall unemployment. BLS reports that the US unemployment rate, not seasonally adjusted, in July 2022 was 3.8% or 0.4 percentage points below the transportation sector rate. Seasonally adjusted, the U.S. unemployment rate in July 2022 was only 3.5%. This means that 528,000 were created/restored last month recession. Repeat, all of the jobs lost in the coronavirus recession are back.. Unemployment fell to 3.5%, the lowest level since the pandemic struck in early 2020. Plus there were 130,000 more jobs created in July than there in June – the most since February.
“The unemployment rate now matches the lowest it’s been in more than 50 years: 3.5%. More people are working than at any point in American history, and it’s the result of my economic plan to build the economy from the bottom up and middle out,” President Biden tweeted. (Visit us on Titter: Ken Zino AutoInformed – @AutoinformedKen
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.