The 200,000 jobs gained in December were distributed by sector as shown in the following graphic:
Notable this month is the gain in every private sector of the economy—a first since I began publishing such details on LaMarotte. Government still showed a loss of 12,000 jobs. The massive gainer in employment was the Transportation and Warehousing sector. Here is the detail of the industries that it contains:
Transportation and warehousing | 50.2 |
Air transportation | 0.8 |
Rail transportation | 0.5 |
Water transportation | 0.7 |
Truck transportation | 5.1 |
Transit | -0.4 |
Pipeline transportation | 0.8 |
Scenic and sightseeing | -0.4 |
Support activities | -0.7 |
Couriers and messengers | 42.2 |
Warehousing and storage | 1.6 |
The real growth here came from courier and messenger services—the categories where UPS and FedEx belong. That number probably highlights a major change in Christmas season purchasing behaviors—and indirectly points to the increasing importance of Internet retail.
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