Employment in the truck transportation sector in October recorded its fourth decline in the past five months as total jobs in that classification are now down more than 30,000 since its most recent high.
The decline of 5,000 seasonally adjusted jobs reported by the Bureau of Labor Statistics for October actually was a smaller drop than in July and August. With revisions in place for September and August, the past five months have recorded a decline of 1,400 jobs in June, 6,900 in July, 30,700 in August — when the demise of Yellow Corp. first hit the market — and 5,000 in October. Sandwiched in there was an increase of 13,400 jobs in September, which had suggested the BLS might have overshot the impact of Yellow’s closure.
The latest report, released Friday, revised the September truck transportation total down by 900 jobs, but the August total was cut 5,500 jobs from a month earlier.
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