Recession leads to lackluster employment in the trucking industry

Chart 3. Inventory-Shipments ratio of total manufacturing vs. employment in truck transportation, seasonally adjusted, 1992-2009
Month Innventory-Shipments ratio Employment (in thousands)

January-92

1.65 1099.8

February-92

1.64 1098.1

March-92

1.59 1099.7

April-92

1.57 1101.7

May-92

1.55 1104.5

June-92

1.54 1107.4

July-92

1.54 1105.0

August-92

1.56 1102.5

September-92

1.55 1111.7

October-92

1.56 1112.2

November-92

1.53 1116.4

December-92

1.52 1127.1

January-93

1.52 1139.8

February-93

1.50 1136.6

March-93

1.51 1139.4

April-93

1.52 1141.3

May-93

1.50 1145.3

June-93

1.50 1147.4

July-93

1.52 1155.1

August-93

1.52 1159.2

September-93

1.50 1166.7

October-93

1.48 1172.0

November-93

1.49 1177.3

December-93

1.48 1175.6

January-94

1.46 1182.9

February-94

1.46 1188.2

March-94

1.46 1196.1

April-94

1.46 1146.7

May-94

1.45 1208.6

June-94

1.45 1210.7

July-94

1.45 1214.6

August-94

1.43 1214.6

September-94

1.44 1221.5

October-94

1.43 1223.0

November-94

1.42 1231.0

December-94

1.39 1238.5

January-95

1.40 1239.6

February-95

1.40 1243.8

March-95

1.44 1247.4

April-95

1.42 1252.6

May-95

1.46 1244.8

June-95

1.45 1243.7

July-95

1.46 1236.3

August-95

1.45 1242.7

September-95

1.44 1238.1

October-95

1.45 1270.0

November-95

1.45 1265.8

December-95

1.42 1261.7

January-96

1.49 1267.7

February-96

1.51 1270.2

March-96

1.46 1271.8

April-96

1.44 1277.0

May-96

1.43 1281.8

June-96

1.41 1289.5

July-96

1.42 1296.7

August-96

1.42 1292.1

September-96

1.41 1288.8

October-96

1.42 1286.1

November-96

1.40 1283.8

December-96

1.40 1280.9

January-97

1.40 1284.4

February-97

1.37 1288.9

March-97

1.36 1292.5

April-97

1.37 1295.7

May-97

1.38 1301.7

June-97

1.36 1303.7

July-97

1.35 1311.4

August-97

1.36 1317.0

September-97

1.36 1324.9

October-97

1.37 1323.9

November-97

1.35 1326.4

December-97

1.36 1327.5

January-98

1.39 1330.0

February-98

1.35 1336.7

March-98

1.37 1337.5

April-98

1.38 1347.6

May-98

1.39 1352.5

June-98

1.41 1356.6

July-98

1.43 1357.1

August-98

1.40 1361.5

September-98

1.38 1364.7

October-98

1.38 1366.7

November-98

1.38 1366.3

December-98

1.36 1369.8

January-99

1.36 1373.1

February-99

1.34 1374.7

March-99

1.36 1375.5

April-99

1.36 1380.6

May-99

1.35 1384.5

June-99

1.35 1389.9

July-99

1.35 1395.9

August-99

1.33 1395.8

September-99

1.34 1401.9

October-99

1.33 1405.4

November-99

1.34 1408.4

December-99

1.35 1405.9

January-00

1.32 1408.5

February-00

1.37 1406.5

March-00

1.34 1409.1

April-00

1.32 1409.3

May-00

1.34 1406.2

June-00

1.33 1404.9

July-00

1.36 1404.3

August-00

1.37 1404.9

September-00

1.35 1402.2

October-00

1.38 1402.3

November-00

1.39 1403.5

December-00

1.38 1405.6

January-01

1.41 1407.0

February-01

1.38 1406.8

March-01

1.39 1408.2

April-01

1.42 1400.5

May-01

1.37 1396.1

June-01

1.39 1391.8

July-01

1.39 1389.2

August-01

1.36 1378.0

September-01

1.39 1377.2

October-01

1.37 1369.3

November-01

1.36 1362.8

December-01

1.33 1356.3

January-02

1.32 1349.6

February-02

1.31 1347.8

March-02

1.29 1344.8

April-02

1.28 1345.5

May-02

1.27 1341.7

June-02

1.27 1337.6

July-02

1.28 1334.1

August-02

1.27 1330.9

September-02

1.27 1332.0

October-02

1.27 1337.6

November-02

1.27 1333.3

December-02

1.30 1332.8

January-03

1.28 1327.9

February-03

1.28 1325.2

March-03

1.26 1330.1

April-03

1.29 1318.7

May-03

1.28 1319.0

June-03

1.26 1319.6

July-03

1.23 1319.9

August-03

1.24 1329.4

September-03

1.21 1325.8

October-03

1.20 1328.5

November-03

1.20 1332.2

December-03

1.20 1334.3

January-04

1.20 1338.5

February-04

1.21 1337.5

March-04

1.17 1338.8

April-04

1.18 1342.8

May-04

1.19 1346.0

June-04

1.18 1351.2

July-04

1.19 1353.4

August-04

1.19 1358.6

September-04

1.19 1362.8

October-04

1.18 1360.9

November-04

1.18 1359.3

December-04

1.17 1368.6

January-05

1.17 1374.3

February-05

1.19 1380.7

March-05

1.18 1385.7

April-05

1.18 1391.1

May-05

1.18 1395.7

June-05

1.17 1400.1

July-05

1.18 1402.9

August-05

1.16 1401.2

September-05

1.14 1403.6

October-05

1.15 1409.7

November-05

1.15 1412.8

December-05

1.13 1414.5

January-06

1.14 1417.9

February-06

1.15 1421.6

March-06

1.15 1423.2

April-06

1.17 1431.7

May-06

1.15 1430.5

June-06

1.16 1433.6

July-06

1.19 1443.3

August-06

1.18 1441.9

September-06

1.24 1444.2

October-06

1.25 1445.4

November-06

1.25 1446.4

December-06

1.22 1452.7

January-07

1.25 1454.6

February-07

1.25 1451.8

March-07

1.23 1451.3

April-07

1.22 1446.1

May-07

1.21 1449.1

June-07

1.22 1443.8

July-07

1.20 1436.8

August-07

1.22 1433.2

September-07

1.24 1435.7

October-07

1.22 1427.8

November-07

1.21 1424.7

December-07

1.23 1420.4

January-08

1.23 1418.4

February-08

1.26 1411.9

March-08

1.26 1414.6

April-08

1.22 1410.4

May-08

1.23 1405.1

June-08

1.22 1393.1

July-08

1.21 1391.2

August-08

1.26 1390.3

September-08

1.29 1378.1

October-08

1.33 1370.3

November-08

1.42 1358.0

December-08

1.44 1340.8

January-09

1.46 1323.3

February-09

1.45 1313.9

March-09

1.46 1300.3

April-09

1.45 1283.2

May-09

1.45 1277.4

June-09

1.41 1269.5

July-09

1.39 1264.6

August-09

1.38 1261.2

September-09

1.35 1261.7

October-09

1.34 1253.5

November-09

1249.9

December-09

1246.6