Lionzone

The February Jobs Report and the January Job Opening and Turnover Survey came in with a big surprise as it pertained to the unemployment numbers. With that rate climbing, experts are watching it and the Federal Reserve carefully.

Today, we’re going to review how the trucking industry is trying to solve the problem of hiring and retaining mechanics and technicians and see how things have changed, if they have at all!

While there are many examples of golden parachutes out there right now, the most famous at this time are the ones paid out by Twitter. As most everyone is aware, in 2022, Elon Musk bought Twitter for $44 billion, and then he fired the company’s executive management team.

Now, drivers are finding that the EVs handling, acceleration, smoothness, and quiet operation is causing older drivers to stay on longer now that they don’t have to deal with the roughness of the ride in a diesel truck.

The unemployment rate is still wavering at around 3.7%. Not since the Nixon presidency has unemployment stayed so low for so long!