Truck Drivers Are Losing Jobs At A Scary Pace! And It’s a Chilling Sign for the Economy

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The trucking industry slashed 1,000 payrolls in November, according to the most recent jobs report released by the Bureau of Labor Statistics.

The job cuts come at a time when the trucking industry should be ramping up for the holiday season. Warehousing and storage, for example, added 8,000 jobs last month. And in November 2018, some 4,100 trucking jobs were added.

ACT Research said America’s $800 billion trucking market has been in a recession since early 2019. Freight volumes have declined for 11 straight months. Manufacturing, which tracks the trucking industry, has contracted for four straight months.

Learn More:
https://www.yahoo.com/news/another-1-000-truck-drivers-184353528.html

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