Transportation Unemployment Down to Pre-Pandemic Levels
The US transportation sector continues to show encouraging signs of recovery. Last month, transportation sector unemployment dropped to 3.6%. This rate represents a return to pre-pandemic levels. In April 2019, the unemployment rate in this sector was 3.7%. Transportation unemployment peaked when it reached a shocking 15.7% during May and June of 2020. Since then, the unemployment rate has seen a steady decrease. Last year at this time, the unemployment…