U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low

lotstodo

aka "The Jackal"
#2
Good news, but employment is a trailing indicator.

Hey @J-man heavy truck sales were down 71 percent this month YOY. Last month wasn't any better. Was there some sort of tax reason for this? If not that's a scary statistic. Only something like 12,000 sold.
 

J-man

This post will self-destruct in 5, 4, 3, 2, 1....
Staff member
#3
Good question. Freight capacity seems to be holding up well even after the summer produce swing plus we’re fast approaching the holidays which means a push to get wiggets to market. On the other hand, truck availability remains tight in many areas and I’m pretty sure driver turnover/retention remains challenging. I just know the last two weeks you couldn’t count the number of semi-trucks and trailers on I-75 in both North and South bound lanes which is uncommon in October.
 

lotstodo

aka "The Jackal"
#4
Good question. Freight capacity seems to be holding up well even after the summer produce swing plus we’re fast approaching the holidays which means a push to get wiggets to market. On the other hand, truck availability remains tight in many areas and I’m pretty sure driver turnover/retention remains challenging. I just know the last two weeks you couldn’t count the number of semi-trucks and trailers on I-75 in both North and South bound lanes which is uncommon in October.
I'm thinking such a strong drop must be an anomaly of some sort, but I can't find a reason. Rail capacity usage is dropping, but not at a huge rate if you take away coal.
 
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