This page has outdated content. We’ve kept it for informational purposes only. Please refer to our blog for updated content.
You have probably heard the good news about the economy—unemployment in August hit a multi-year low of 5.1%, according to the most recent Bureau of Labor Statistics press release. Every sector of the business world is thrilled to hear about such a low rate of jobless Americans, and, economically speaking, 5.1% is very close to the (theoretically) perfect threshold of unemployment for a strong national economy.
The trucking industry and the transportation/warehousing sector of the economy did its fair share to help reduce the rate of unemployment. The trucking industry added seven-hundred jobs in August of 2015, and the transportation and warehousing sector on the whole chalked up 7,300 new workers, according to Transport Topics (TT).
The trucking industry has been a consistent benefactor of the strengthening economy and the reduction of unemployment. The industry has steadily been adding more and more jobs this summer, despite the infamous shortage of young truck drivers. TT statistics reveal that in July, for example, the trucking sector alone added 2,800 new workers.
The trucking industry has adopted a multitude of new recruitment and employment strategies to try and combat the ever-growing shortfall of drivers, including making appeals to potential female employees, which until recently has never been done. Nonetheless, women are responding well and are slowly permeating into the traditionally-male-dominated industry. The rate of women drivers has risen rather significantly in the past couple of years, and they now make up around 6% of the professional driving workforce, according to News Leader.
In a favorable economy, and with more and more people interested in starting a career as a driver, now is a great time for trucking and freight company owners to consider expansion. Let Factor Finders get your trucking company access to immediate, risk-free working capital.
