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05
Oct
Trucking Industry Job Updates to September 2024
Can you believe it has been almost a full year since we last wrote about jobs in the trucking industry? A lot has happened in that time, and we are going to go over it.
Employment Count
August 2023: As the Bureau of Labor Statistics (BLS) does two revisions before listing the numbers for a given month as final, August and September for 2023 still need updating. For August 2023, it is 1,543,100.
September 2023: 1,551,000.
October 2023: 1,548,200.
November 2023: 1,550,100.
December 2023: 1,551,800.
January 2024: 1,552,600.
February 2024: 1,554,000.
March 2024: 1,556,400.
April 2024: 1,554,800.
May 2024: 1,548,000.
June 2024: 1,546,900.
July 2024: 1,535,000.
August 2024: 1,544,300 (second preliminary).
September 2024: 1,543,600 (first preliminary).
This data shows us that the count for employment in the trucking industry has risen over the past year, especially in March 2024, before returning to previous levels.
Hourly Pay
Over the same period, average hourly pay has been thus, according to the BLS:
August 2023: $30.69.
September 2023: $30.47.
October 2023: $30.72.
November 2023: $30.56.
December 2023: $30.69.
January 2024: $30.99.
February 2024: $30.97.
March 2024: $31.07.
April 2024: $31.32.
May 2024: $31.32.
June 2024: $31.21.
July 2024: $31.40.
August 2024: $31.33 (preliminary).
This data shows us an interesting pattern: wages for truckers grow substantially for a month, before slightly decreasing the next few months, never quite reaching the original level it was in the first month, before blasting upward again. This creates an increase in average wages over time, but leads to quite the variance on a month-to-month basis.
Conclusion
Data from the BLS suggests that trucking is doing good and, with the upcoming holiday season just around the corner, is looking to do even better than the holiday season of 2024. If you are looking to expand to meet the holiday rush, you can count on TopMark Funding. Read on below for more.
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
We have financing options for trailers, semi-trucks, commercial trucks, and small businesses. We have great rates, low down payments, and flexible monthly payments regardless of credit history.
Learn more about Trailer Financing.
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.