August 19, 2019 Source: Alexia Fernández Campbell, Vox The trend of U.S. job openings outnumbering the number of job seekers has continued for 16 straight months. Because there are more jobs available than people to fill them, more employees than ever are confident that they can find more favorable jobs. As a result, workers …
June 21, 2019 Number of truck drivers reaches all-time high, but driver shortage persists Source: Eleanor Lamb, Transport Topics According to the U.S. Census Bureau, the number of truckers is at an all-time high. The number rebounded to 3.5 million in 2017 after sinking to fewer than 3 million during the Great …
U.S. home construction drops 0.9% in May Number of truck drivers reaches all-time high, but driver shortage persists Source: Martin Crutsinger, Associated Press via The Detroit News May saw a sharp drop in construction of single-family homes. Apartment building construction actually rose during the month, but not enough to offset the decline, which analysts …
May 17, 2019 U.S. home construction up 1.8% in April Source: MARTIN CRUTSINGER, Associated Press According to building permit data, home construction rose by 1.8% in April 2019 versus the previous month. However, that rate is actually 2.5% lower than the rate one year ago. This suggests that there are currently not enough …
May 10, 2019 Consumer Price Index rises; real hourly earnings decrease in April According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.3% in April. The index measures the change in prices paid by consumers. The gasoline index largely drove the increase. That index rose 5.7%, and accounted for …
In the years following the Great Recession of 2007-2009, wages stagnated across all industries. Even as the economy began to recover, wages remained flat. Now in 2018 it looks like the trend is finally starting to turn around. Wages for truck drivers are starting to rise as the competition for qualified drivers heats up. And …
A significant labor shortage is on the way in more than just the trucking industry. Blue-collar industries such as manufacturing, trades, and construction will be soon facing the same problem. In the trucking industry, the lion share of the truckers are nearing retirement age with not enough new incoming drivers to replace them. The need …
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