For those who are looking for work, you may want to look into a job on the trucking industry. Companies across the country are struggling to find workers and the trucking industry is short on drivers. As the sector faces increasing challenges the pressure to increase wages also increases. The environment has never been better for those looking to get into the truck driving as a career.
As has been the case for much of the past year and a half, the pace of hiring has failed to keep up with the available openings in the economy. The hiring rate improved slightly to 3.8% in April, but remains well below the rate of openings. This is a sign of very tight labor market conditions, as employers struggle to find available workers.
But the job opening excess does not persist evenly across all industries, health care, manufacturing, and information services have seen openings outpace hires for several months now, while retail, hospitality, and mining show a bit slacker in the labor market. Job openings rate in transportation, warehousing, and utilities pushed to a fresh record high at 5.0% at the start of the 2nd quarter, while the hiring rate continued to hover at 3.8%.
The job market for transportation and logistics workers remains very tight. Openings are plentiful, businesses can’t find drivers and warehouse workers, and the workers that are currently employed feel comfortable enough to quit their job. Historically this combination would suggest that wages need to rise to bring things back into equilibrium.
Yes, there are jobs for those who are looking. Now is a good time to get into the transportation sector where the possibilities of high pay and benefits are looking better every day. As mentioned before, there are plenty warehouse jobs available as well.