Industry Highlight: Trade, Transportation, and Utilities Index
The trade, transportation, and utilities industry is a super-sector that consists of four main sectors: wholesale trade, retail trade, transportation and warehousing, and utilities. According to the most recent labor report by the Bureau of Labor Services (BLS), employment in retail trade increased by 33,000 jobs in June 2015, with an overall rise of 300,000 over the year. Wholesale trade showed little or no change over the month, while transportation and warehousing added 17,000 jobs. Employment in truck transportation has continued to trend up, contributing 7,000 jobs in June 2015, and has increased by 19,000 jobs over the past three months.
DCR TrendLine Trade, Transportation, and Utilities Employment & Wage Index
According to the latest ADP National Employment Report, the trade, transportation, and utilities industry added the most jobs compared to other industries in June 2015.
Key Industry Snapshot (Change in Employment) June 2015
The wholesale trade sector is comprised of establishments that are engaged in wholesaling merchandise, and include the outputs of agriculture, mining, manufacturing, and certain information industries such as publishing.
In June 2015, employment in wholesale trade remained unchanged. Over the past three months, the sector has shown essentially no change. Both the number of job openings and separations within the industry have also remained relatively stable.
Job Openings in Wholesale Trade
One of the most common occupations in this industry is laborers and freight, stock, and material movers. These workers manually move freight, stock, or other materials, or perform general labor. There are 2,400,490 workers employed in this occupation, with a mean annual wage of $27,180. The top states for jobs include California, Texas, Illinois, Florida, and Pennsylvania.
The retail trade sector consists of firms that are engaged in retailing merchandise. These retailers are either store retailers who operate fixed point-of-sale locations, or non-store retailers, who reach customers and market merchandise without an established location.
Employment in retail trade increased in June 2015 by 33,000 jobs. Over the past year, the sector has added 300,000 jobs.
Employment in Retail Trade
A popular occupation in this industry is cashiers, who handle payments from customers purchasing goods and services. Grocery stores are the largest employers of cashiers. In 2012, there were 3,338,900 people employed as cashiers, earning a median annual pay of $18,970 per year.
Transportation and Warehousing
The transportation and warehousing sector includes industries that provide transportation of passengers and cargo, and warehousing and storage for goods.
In June 2015, employment in the sector increased by 17,000 jobs, an improvement of the sector’s prior 12-month average change of 12,000 jobs per month. Employment in truck transportation increased by 7,000 jobs, while couriers and messengers added 2,000 jobs.
Employment in Key Transportation Industries – June 2015
A common profession in this field is truck drivers. In 2014, there were 945,800 people employed in this occupation, with an average mean annual wage of $42,890.