US Transportation Labor Market Update 2022 Q2
The Indeed Hiring Lab tracks employment trends in the Transportation vertical, analyzing the latest Indeed and Bureau of Labor Statistics data. We look at overall labor market trends, and then dive deeper into job postings trends in various Transportation occupational categories. Finally, on the job seeker side, we examine trends in labor force participation.
Indeed job postings
Overall employer demand for workers remains strong. As of April 8th Indeed job postings are 56.5% above their pre-pandemic baseline, but overall growth in labor demand has slowed in recent months.
Transportation job postings
Postings in the transportation vertical have edged down in 2022. However, demand remains quite strong in Loading & Stocking (88.3% above pre-pandemic baseline), once a labor market leader throughout the pandemic, and Logistic Support postings (+99%). Meanwhile, Driving postings (+35.7%) have slid and now are behind the overall labor market trend.
Labor force participation
In good news for recruiters, the labor supply concerns of 2021 continue to fade. The overall labor force participation rate didn’t move much last month, but the rate for prime-age workers ages 25 to 54 years old increased for a third consecutive month. This is a key labor market statistic and its nearing pre-pandemic levels points to bright prospects for overall labor supply.
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Daniel Culbertson is an Outreach Economist at the Indeed Hiring Lab with a focus on the US labor market. Daniel previously specialized in regional analysis and forecasting as an economist with Moody’s Analytics and holds a M.A. in economics from the University of Delaware.