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IPFS News Link • Employment & Jobs

Truck Drivers Suffer Largest Job Loss On Record After April Bloodbath Leaves 88,300 Unemployed

• https://www.zerohedge.com, Tyler Durden

Unsurprisingly, truck drivers have suffered an absolute bloodbath - losing approximately 88,300 jobs in April alone, according to Business Insider, which notes that it's the largest single-month loss of trucking jobs on record (with records going back to 1990).

April wiped out all trucking employments gained during the past five years and a half years [sic], bringing the industry back to its employment numbers in November 2014. 

The rest of the April jobs report, which was released by the Bureau of Labor Statistics on May 8, was similarly jarring. Some 20.5 million payrolls were cut in April, which is 25 times larger than the worst monthly decline seen during the recession in the late 2000s. -Business Insider


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