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Hard times for Owner-Operators

Hard times for Owner-Operators



According to the information provided by the Bureau of Labor Statistics (BLS), in relation to their data analysis from 2020 year, the trucking sector was experiencing difficult times and still is, since the number of jobs in the US related to this industry decreases every month.

November and December 2020 were very bad months for the sector, BLS estimated more jobs for those months, but the reality was different, less people working in the industry. The previous drop-off in the trucking industry was recorded from March to April of 2020, when the pandemic was emerging.

2021 still not made a difference to bring more optimism to the sector. In accordance with the Bureau of Labor Statistics seasonally adjusted data, in January, the total of trucking jobs recorded in the United States was 1,475,400, a reduction of 2,900 comparing to the 1,478,300 reported in December.

The way the data was collected for BLS surveys was also impacted by the COVID-19 pandemic. In-person interviews only occurred if there was any problem when doing telephone interviews, in order to preserve the safety for both interviewers and respondents.

It was detected a misclassification of employed persons classified as unemployed, especially at the beginning of the pandemic, because a temporary layoff from the work place due pandemic. This affected the integrity of the unemployment rate by lowering it by 0.6 percent. BLS repeated the process, detected this issue and increased the rate with this 0.6 percent, but this percentage might not be neither the real rate, the error margin could still be higher.

For more information about employment situation in the US due the impact of the pandemic please visit: www.bls.gov/covid19/employment-situation-covid19-faq-january-2021.htm.
 







Transportation Today

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Edic.: 164
Autor: El Trailero Magazine
Date: 3/2021


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