Click to enlarge.
The January 2024 US transportation sector unemployment* at 4.7% was the same as the January 2023 level (4.7%) and above the pre-pandemic January 2019 level of 4.0%, the Bureau of Labor Statistics (BLS) said today. However, the economy remains strong under the Biden Administration when compared with the job destroying Trump mis-administration.
Unemployment in the transportation sector was higher than overall unemployment. BLS reports that the US unemployment rate, not seasonally adjusted, in January 2024 was 4.1% or 0.6 percentage points below the transportation sector rate. Seasonally adjusted, the U.S. unemployment rate in January 2024 was 3.7%, as the Federal reserve continues its indefensible ideological, anti-data tight money policy (the highest interest rates in two decades!) with little or lately no inflation in AutoInformed’s view.
Seasonally adjusted, employment in the transportation and warehousing sector rose to 6,556,000 in January 2024 – up 0.2% from the previous month but down 0.8% from January 2023. Employment in transportation and warehousing grew 17.3% in January 2024 from the pre-pandemic January 2019 level of 5,587,600.
By Mode – Seasonally Adjusted
- Air transportation fell to 568,000 in January 2024 – down 0.3% from the previous month but up 6.4% from January 2023.
- Truck transportation rose to 1,555,700 in January 2024 – up 0.2% from the previous month but down 2.0% from January 2023.
- Transit and ground passenger transportation rose to 434,700 in January 2024 – up 0.6% from the previous month and up 1.4% from January 2023.
- Rail transportation fell to 152,600 in January 2024 – down 0.3% from the previous month but up 1.3% from January 2023.
- Water transportation rose to 72,200 in January 2024 – up 1.7% from the previous month and up 7.8% from January 2023.
- Pipeline transportation rose to 53,000 in January 2024 – up 2.3% from the previous month and up 3.5% from January 2023.
- Warehousing and storage rose to 1,779,000 in January 2024 – up 0.3% from the previous month but down 4.2% from January 2023.
*The BLS unemployment rate is the total number of unemployed persons, expressed as a percentage of the civilian labor force. The civilian labor force includes all persons aged 16 and older who are employed and unemployed. This means they are either currently working or actively looking for work. Unemployed persons include those who actively sought a job within the last four weeks. People waiting to start a new job who have not actively sought a job in the last four weeks are not counted as employed or unemployed; they are considered to be out of the labor force. An unemployed person’s industry is the industry for the last job they held in the workforce, which may or may not reflect their current job search field or industry.
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.
US Transportation Sector January Unemployment Flat
Click to enlarge.
The January 2024 US transportation sector unemployment* at 4.7% was the same as the January 2023 level (4.7%) and above the pre-pandemic January 2019 level of 4.0%, the Bureau of Labor Statistics (BLS) said today. However, the economy remains strong under the Biden Administration when compared with the job destroying Trump mis-administration.
Unemployment in the transportation sector was higher than overall unemployment. BLS reports that the US unemployment rate, not seasonally adjusted, in January 2024 was 4.1% or 0.6 percentage points below the transportation sector rate. Seasonally adjusted, the U.S. unemployment rate in January 2024 was 3.7%, as the Federal reserve continues its indefensible ideological, anti-data tight money policy (the highest interest rates in two decades!) with little or lately no inflation in AutoInformed’s view.
Seasonally adjusted, employment in the transportation and warehousing sector rose to 6,556,000 in January 2024 – up 0.2% from the previous month but down 0.8% from January 2023. Employment in transportation and warehousing grew 17.3% in January 2024 from the pre-pandemic January 2019 level of 5,587,600.
By Mode – Seasonally Adjusted
*The BLS unemployment rate is the total number of unemployed persons, expressed as a percentage of the civilian labor force. The civilian labor force includes all persons aged 16 and older who are employed and unemployed. This means they are either currently working or actively looking for work. Unemployed persons include those who actively sought a job within the last four weeks. People waiting to start a new job who have not actively sought a job in the last four weeks are not counted as employed or unemployed; they are considered to be out of the labor force. An unemployed person’s industry is the industry for the last job they held in the workforce, which may or may not reflect their current job search field or industry.
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.