US Q2 2024 Transportation Labor Market Update: Transportation Downshifting With the Rest of the Labor Market – Notice Global Web

The Indeed Hiring Lab tracks Transportation employ trends, analyzing the stylish Indeed data. We investigate coverall fag mart trends and club deeper into job-posting trends in different Transportation occupational categories. Finally, we club into time trends in miss churn.

Takeaways: 

• The coverall fag mart continues to moderate, with amount Indeed employ postings downbound 12.4% from July 5, 2023. 
• Job postings in every Transportation categories are downbound from a assemblage ago, with Aviation experiencing the maximal year-over-year drop. 
• Annual remuneration ontogeny for Driving occupations soft substantially, registering year-over-year ontogeny of 1% finished June 2024, downbound from 1.9% as fresh as Dec 2023. 

Indeed employ postings 

The panoptic take in the fag mart persisted finished the ordinal quarter. As of July 5, 2024, the Indeed Job Postings Index (JPI) was downbound 12.4% from the aforementioned instance terminal year, and the fag mart is nearing its pre-pandemic take after more than digit eld of near-continuous declines. The JPI stood at 111.7 on July 5, message that the amount take of employ postings broad is 11.7% above their pre-pandemic (Feb. 1, 2020) baseline.  

Transportation employ postings 

The way in Transportation mirrors that of the large fag market: Job postings hit been declining steadily, but rest above pre-pandemic levels in every categories. Job postings for Logistic Support and Driving roles hit fared slightly meliorate than the mart as a whole, downbound 10.2% and 11% year-over-year, respectively, compared to the coverall fag mart fall of 12.4% over the aforementioned period. Aviation currently leads the delay in installation employ postings, dropping 20.5% over the time year. However, obligation in the Aviation collection relic relatively strong, with postings ease 30% above their Feb 2020 level.  

Transportation remuneration growth  

The Indeed Wage Tracker shows clear gains crossways the broader fag mart devastation off, and Transportation clear trends are agitated mostly in step. The delay in period remuneration ontogeny for Driving and Loading & Stocking roles has tempered over the time year, though ontogeny for Loading & Stocking relic relatively brawny at 3.9% year-over-year (compared to the fag mart cipher of 3.1%). Annual remuneration ontogeny in Driving employ postings is a such more soft 1% finished June 2024. 

For more fag mart insights from the Indeed Hiring Lab, meet us at hiringlab.org.