Based on improving Hiring Demand for "Transportation and Material Moving Occupations", WANTED predicts the BLS will report a drop of 7,000 workers in the Transportation Industry in September. The BLS reported a surprisingly small loss of 1,000 jobs for August after a drop of 23,000 jobs in July.
WANTED Technologies' Hiring Demand Indicator (the yellow line in the chart below) for Transportation showed a strong uptick in September, continuing the overall upward trend from its three-year low in March 2009.
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Even though Transportation Hiring Demand has been rising, as shown on the graph, we are still forecasting a figure that is less optimistic than last month's change. We generally see a positive trend in WANTED's Hiring Demand and relative improvements in employment in the Transportation industry. However, the loss of only 1,000 jobs last month was likely an anomaly when taken in the context of the overall trend. We believe that this "swing" will be counter-balanced this month, stabilizing the overall trend pattern.
The Bureau of Labor Statistics will release its September Preliminary Estimate for the Transportation and Warehousing sector as part of its Employment Situation report on Friday, October 2, at 8:30 AM.
For more charts, graphs and forecasts, visit our BLS Forecast page.
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