Employment model revision
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Transportation/warehousing jobs up slightly in BLS model revision
Yahoo Finance· 2025-09-09 18:01
Core Insights - The Bureau of Labor Statistics (BLS) revised total employment numbers downward, indicating an overstatement of 911,000 jobs in the U.S. as of March 2025, with 880,000 in the private sector [1] Employment Sector Analysis - The Transportation and Warehousing subsector saw an increase of 6,600 jobs, representing a 0.1% rise from the previous model [2] - Other sectors, including Government and Private Education & Health Services, experienced a 0.1% decrease in employment [2] - The Information sector had the largest percentage change with a 2.3% reduction in estimated total employment [3] Employment Report Timing - The revised employment numbers will not affect the monthly employment report until February 6, when the January report will be released [4] Historical Context - This marks the second consecutive year that the Transportation & Warehousing sector's base number is projected to increase, with a rise of 56,400 jobs (0.9%) last year despite an overall drop of 818,000 jobs [5] - The most recent report indicated 6,747,700 jobs in the Transportation & Warehousing sector, up from 6,663,000 jobs a year earlier [5] Sector Composition - The Transportation & Warehousing sector includes various subsectors such as air, rail, water, and ground transportation, as well as warehousing and storage, though specific subsector data was not disclosed in the annual update [6] - Warehousing & storage jobs reached 1,829,800, the highest in the sector, while truck transportation jobs totaled 1,523,000 [7]