employment

Check Call: Rethinking the cost of new hires

Hot Take

image: memegenerator.net

The great resignation has affected all of us by now. Over the past year we’ve seen people quit jobs at a staggeringly higher rate than ever before, whether due to working conditions, wage inequality, a lack of freedom or something else. Most companies are now trying to make sure the employees they have retained thus far aren’t planning on jumping ship. 

Hiring new employees is one of the largest business expenses for major brokers. Volumes for brokerages this...

https://www.freightwaves.com/news/check-call-rethinking-the-cost-of-new-hires

US Class I rail headcount up in April — but still down

A railroad worker stands in a rail yard.

Employment levels at the U.S. operations of the Class I railroads in April were up slightly from March but down 7% year-over-year, according to data submitted to the Surface Transportation Board.

U.S. Class I railroads operating in the U.S. employed 115,485 employees in April, up 0.42% from March but down 7.19% from April 2020. On a year-to-date basis, April’s headcount total is the highest among the first four months of 2021.

Rising headcount levels on a sequential basis in 2021 reflect efforts...

https://www.freightwaves.com/news/us-class-i-rail-headcount-up-in-april-but-still-down

Jobs report shows getting drivers into the pool remains a struggle

Aaron Terrazas of Convoy put a succinct headline on his commentary about the latest employment numbers in the trucking sector: “Where did all the drivers go?”

Terrazas, director of economic research at Convoy, was reacting to the monthly report that showed seasonally adjusted jobs in the truck transportation sector were down 1,500 to 1,480,300 from the March figure of 1,481,800.

That March figure, in turn, had been revised down 900 jobs from the employment report released a month earlier.

Trucking...

https://s29755.pcdn.co/news/jobs-report-shows-getting-drivers-into-the-pool-remains-a-struggle

Weather looks to be factor in February’s decline in trucking jobs

The earlier report on the unemployment numbers from FreightWaves can be found here. 

The decline in February U.S. trucking employment from January, which is in the opposite direction of most January to February changes, might have been as a result of some historically bad weather. 

That is the conclusion of Aaron Terrazas, the director of economic research at Convoy. Terrazas regularly comments on the monthly unemployment report.

The employment report for February reported that seasonally adjusted...

https://s29755.pcdn.co/news/weather-looks-to-be-factor-in-februarys-decline-in-trucking-jobs

Employent follow: trucking employment looks strong but some numbers lag

The first glance at the BLS employment numbers in trucking looks strong, but some other numbers are lagging.

Monthly employment figures show a transportation industry that is adding a significant amount of jobs by one measure but also raises questions why a red-hot freight market isn’t putting up numbers even higher.

The most looked-to number in the monthly data for the health of the industry is employment in the truck transportation sector on a seasonally adjusted basis. The preliminary number...

https://s29755.pcdn.co/news/employent-follow-trucking-employment-looks-strong-but-some-numbers-lag

U.S. airlines drop 36,700 jobs after CARES Act ends

Two small regional jets taxi on airport roadway.

U.S. scheduled passenger airlines employed 9.1 percent fewer full-time equivalents  in mid-October 2020 than a month earlier, according to the Bureau of Transportation Statistics.

Mid-October’s total number of FTEs (368,162) was down 36,707 from mid-September 2020 (404,869 FTEs) and 91,871 from mid-March 2020. October was the lowest FTE total for any month dating from January 1990. The previous low was April 2010 (376,663 FTEs).

Mid-October’s FTEs declined nearly 86,000, an 18.9 percent drop from...

https://s29755.pcdn.co/news/us-airlines-drop-36700-jobs-after-cares-act-ends

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