WANTED Technologies expects the Bureau of Labor Statistics to report a decline of 11,700 jobs in the transportation industry in June, a significantly smaller loss than we've seen in the past three months. WANTED Technologies' Hiring Demand Indicator (the yellow line in the chart below) for Transportation showed another strong uptick in June, the third consecutive rise after a three-year low in the first quarter of 2009.
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The Transportation Hiring Demand Indicator–a measure of year-over-year change in online job advertising–has risen from a three-year low of -61 percent in March to -41 percent in June. The trend in Hiring Demand in Transportation had been moving steadily downward from a peak it reached in December 2007, at the onset of the recession.
The Bureau of Labor Statistics will release its Preliminary May Estimate for the Transportation and Warehousing sector as part of its Employment Situation report on Thursday, July 2, at 8:30 AM.
For more charts, graphs and forecasts, visit our BLS Forecast page.
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