Trucking HR Canada releases latest labour market snapshot

Trucking HR Canada (THRC) has released its quarterly Labour Market Information (LMI) snapshot. The report points to the lowest unemployment rate among trucking and logistics workers all year.

“The latest report shows a lower unemployment rate among truck drivers indicating a smaller pool of potential job applicants. Overall this points to a continued rebound across the supply chain,” says Angela Splinter, CEO, Trucking HR Canada.

Angela Splinter, CEO, Trucking HR Canada (Pic: Supplied)

Some highlights of the report:

·        Employment of transport truck drivers increased over the course of 2023, averaging 317,300 drivers. Unemployment of truck drivers peaked in April 2023, reaching 6.5%, but dropped over the last three quarters of the year, settling at 3.5% in December.

·        Between Q3 2022 and Q3 2023, the number of vacant driver positions decreased by 6,765 positions and the occupational vacancy rate is estimated to have decreased from 8% to 5%. This could signal an easing of the labour market for truck drivers.