The unemployment charge within the U.S. transportation sector was 4.8% (not seasonally adjusted) in November 2024 in line with the Bureau of Labor Statistics (BLS).
These knowledge have been up to date on the Bureau of Transportation Statistics’ (BTS) Unemployment in Transportation dashboard. In November 2024, the transportation sector unemployment charge rose 0.3 proportion factors from 4.5% in November 2023 and was above the pre-pandemic November 2019 stage of three.3%. Unemployment within the transportation sector reached its highest stage in the course of the COVID-19 pandemic (15.7%) in Could 2020 and July 2020.
Unemployment within the transportation sector was larger than general unemployment. BLS reviews that the U.S. unemployment charge, not seasonally adjusted, in November 2024 was 4.0% or 0.8 proportion factors under the transportation sector charge. Seasonally adjusted, the U.S. unemployment charge in November 2024 was 4.2%.
Seasonally adjusted, employment within the transportation and warehousing sector rose to six,627,200 in November 2024 — up 0.1% from the earlier month and up 1.4% from November 2023. Employment in transportation and warehousing grew 15.5% in November 2024 from the pre-pandemic November 2019 stage of 5,735,900. By mode (seasonally adjusted):
Air transportation rose to 574,800 in November 2024 — up 0.1% from the earlier month and up 1.6% from November 2023.Truck transportation rose to 1,548,700 in November 2024 — up 0.2% from the earlier month however down 0.1% from November 2023.Transit and floor passenger transportation rose to 454,700 in November 2024 — up 0.4% from the earlier month and up 5.7% from November 2023.Rail transportation remained just about unchanged in November 2024 at 150,000 from the earlier month however down 1.8% from November 2023.Water transportation fell to 73,600 in November 2024 — down 0.5% from the earlier month however up 3.7% from November 2023.Pipeline transportation rose to 54,600 in November 2024 — up 0.4% from the earlier month and up 4.8% from November 2023.Warehousing and storage fell to 1,772,200 in November 2024 — down 0.1% from the earlier month however remained unchanged from November 2023.
NOTES: November 2019 and November 2024 employment (seasonally adjusted) should not proven for water (67,700 and 73,600, respectively) or pipeline (51,900 and 54,600, respectively) transportation. All-time highs (seasonally adjusted) with information starting in 1990: air March 2001 (633,600); pipeline July 1991 (61,200); rail January 1990 (278,100); transit June 2019 (503,900); truck July 2022 (1,587,900); warehousing and storage Could 2022 (1,942,200); and water June 2024 (75,800).
Along with updating the Unemployment in Transportation and the Employment in Transportation: Whole, by Mode, and Girls dashboards, BTS additionally up to date the Race and Hispanic or Latino Ethnicity of Transportation Staff dashboard.
Charts up to date this month by part embody:
Unemployment within the Transportation and Warehousing Sector and in Transportation and Materials Transferring OccupationsTotal Unemployment in TransportationUnemployed Males and Girls Staff in TransportationMonthly Employment within the Transportation and Warehousing Sector, Institution DataMonthly Employment within the Transportation and Warehousing SectorMonthly Employment within the Transportation and Warehousing Sector by ModeWomen Staff within the Transportation and Warehousing Sector
The unemployment charge is the full variety of unemployed individuals, expressed as a proportion of the civilian labor drive. The civilian labor drive contains all individuals aged 16 and older who’re employed and unemployed; which means they’re both at present working or actively in search of work. Unemployed individuals embody those that actively sought a job inside the final 4 weeks. Folks ready to start out a brand new job who haven’t actively sought a job within the final 4 weeks should not counted as employed or unemployed; they’re thought-about to be out of the labor drive.
An unemployed individual’s business is the business for the final job they held within the workforce, which can or might not replicate their present job search subject or business.
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