More than 1.3 million still on unemployment in the trucking industry

Oct 01, 2020 at 09:36 AM CST
Despite a rebound in unemployment, more than 1.3 million people in the trucking industry remain on unemployment, according to the Bureau of Labor Statistics. At its peak, the unemployment rate in March 2020 reached 14.7% — though some estimate that the actual number could have topped 16%, as many many states were struggling to keep up with the influx of demand and some of those who were unemployed had to wait months to start receiving their unemployment benefits. As of August, 2020, the unemployment rate fell to 8.4% and the Bureau of Labor Statistics estimates that September’s rate of unemployment will fall to 7.7%.

Oct 01, 2020 at 09:36 AM CST

Despite a rebound in unemployment, more than 1.3 million people in the trucking industry remain on unemployment, according to the Bureau of Labor Statistics.

At its peak, the unemployment rate in March 2020 reached 14.7% — though some estimate that the actual number could have topped 16%, as many many states were struggling to keep up with the influx of demand and some of those who were unemployed had to wait months to start receiving their unemployment benefits. As of August, 2020, the unemployment rate fell to 8.4% and the Bureau of Labor Statistics estimates that September’s rate of unemployment will fall to 7.7%.