Coin Bureau, relaying American Trucking Association: Unemployment will fall

The window it was checked over

Unemployment rate: U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

from a little over three percent in 2020 to 35 at the end of 2021. now the reason for this is because of a shortage of two things drivers and chassis on to the first point as i mentioned earlier the trucker shortage is something that's been going on for some time quite simply it isn't one of the most glamorous jobs out there and even before the pandemic driver turnover averaged about 94 however since the pandemic this attrition rate has jumped to 150 so much so that we currently face a driver shortage in the u.s of over 80 000 truckers and the american trucking association reported that this sector is headed for at least 160 000 driver shortages by 2030. it's not as if companies are not trying for example walmart will now offer new truck drivers 95 to 110k a year and still the shortage persists but even if the driver shortage is somehow alleviated you still have a shortage of chassis now for those who don't know chassis are the trailers that allow trucks to store and move containers without these the trucks obviously can't move the containers now this shortage is being driven by a number of factors firstly you have the fact that you have those delays at the inland warehouses given the backlogs

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