Transport Employment Drops Slightly

Transport Employment Drops Slightly

Transportation and warehousing lost about 2,200 jobs in June, after a 36,000 job hiring spree in May, according to data from the U.S. Bureau of Labor Statistics.

The BLS employment report released Friday showed the number of jobs in the transportation and warehousing sector was up 1.7 percent in June from a year ago.

Seasonally adjusted BLS employment data showed jobs increased at air and water transportation, trucking, pipeline and courier and warehousing businesses.

Employment dropped slightly in the freight rail and more steeply in transit and ground passenger transport industries, according to the preliminary data.

Overall, non-farm payroll rose by 80,000 jobs in June, a stronger increase than the revised count of 77,000 jobs added in May but not strong enough to dent the unemployment rate.

Total non-farm employment rose 1.4 percent from June 2011 and was up only 3 percent from its low point in February 2010, according to BLS data.

The national average unemployment rate remains 8.2 percent, with the number of unemployed, about 12.7 million people, unchanged from May, the BLS said.

The number of long-term unemployed, those without work for 27 weeks, was unchanged at 5.4 million, accounting for 41.9 percent of the total unemployed.

The monthly BLS employment figures underscore other indicators pointing to a sharp slowdown in economic expansion in the second quarter of 2012.

The Institute for Supply Management’s manufacturing index fell to 49.7 in June from May’s 53.5 reading. An index reading below 50 signals contraction.

Non-farm employment expanded by about 75,000 jobs per month on average during the second quarter, compared with 226,000 jobs per month in the first quarter.

The manufacturing sector added 11,000 jobs a month on average in the second quarter, compared with 41,000 jobs a month in the first quarter, the BLS said.

Contact William B. Cassidy at wcassidy@joc.com. Follow him on Twitter at @wbcassidy_joc