According to payroll data issued by the U.S. Department of Labor, the number of trucking jobs decreased by 11,400 in September. Making it only the 3rd month since the pandemic that there were negative job posts.
Seasonally adjusted Labor Department figures show that there were approximately 1,580,800 jobs available in the truck transportation sector in the month of September.
Bob Costello, the Chief Economist for American Trucking Associations, posted the following on Twitter.
As the industry continues to push forward, many company owners are looking for things that they can be certain about. There are many challenges being faced at the moment and the outlook being portrayed in mainstream media seems to paint a picture of doom and gloom.
There are things that can be done to take advantage of modern technology that can alleviate high expenses and streamline operations even further.
For example, companies can take advantage of different platforms to get their job listings in front of drivers looking for a change. One underrated platform that many people don’t talk about anymore is Craigslist. For some companies, posting their driver job listings on Craigslist with the right keywords is a solution for keeping a semi-consistent pipeline of applicants.
Identifying all of the points of friction in the CDL Driver Hiring process is a great way to determine where to focus attention and resources.
In the long run, the companies that survive are the ones that are able to implement the right processes and take advantage of novel solutions that drive the business forward. This can be things as simple as having a clean and user-friendly website. As well as keeping good relationships with applicants that don’t move through the hiring process so they might consider applying again in the future.
Another thing that motor carriers can do to ensure they are primed to have a consistent flow of new applicants is by making sure the wages are competitive and incentivizing enough for the specific job at hand.
According to a report published by the US Bureau of Labor Statistics:
“In September, average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3 percent, to $32.46. Over the past 12 months, average hourly earnings have increased by 5.0 percent.
In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.4 percent, to $27.77. (See tables B-3 and B-8.)”
Although trends have been pointing in the upward direction recently, it is possible that the industry could see declining volume trends if the economy continues to decline.
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