The private couriers and messengers subsector shows a distinctive seasonal pattern. Over the past decade, couriers and messengers establishments have ramped up hiring in the fourth quarter, hitting an employment peak in December each year. In the past few years, December job totals have averaged 2,500 above annual employment. After the flurry of holiday deliveries, sector employment winds down and generally hits a low in either April or July.
The seasonal swing in employment became more pronounced from 2006 to 2016. The difference between peak (December) employment and the lowest employment month in the same year generally ranged between 1,200 and 1,700 jobs from 2006 to 2012. In 2013, the seasonal swing in payroll employment rose to 2,000, and continued to grow to 3,000 in 2014 and 2015. By 2016, the difference between monthly job highs and lows totaled 3,700.
Read more about couriers and messengers employment in the full article by Senior Economic Analyst Gail Krumenauer.
No comments:
Post a Comment