Friday, October 19, 2012

Employment growth slows in September, dips from August

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Figures released by the Surface Transportation Board Friday show Class I railroads employed 160,428 people in mid-September, up a modest 0.12% from September 2011, but down 1.39% (95 employees) from August 2012.

Executives, officials, and staff assistants led year-over-year gains, up 8,83%. Other gainers from September 2011 ncluded Maintenance of way and structures, up 0.62%, Maintenance of equipment and stores, up 0.81%, and Transportation (other than train and engine), up 1.58%.

Two categories lost ground from a year ago: Professional and administrative, down 1.44%, and Transportation (train and engine), down 0.67%.

By comparison, all categories save one lost ground from August 2012, the previous month, as total employment fell 1.39% for the month. Transportation (other than train and engine was the sole winner, up 1.58% from a month ago.

Professional and administrative was the largest percentage loser from the previous month, down 2.24%, followed by Transportation (train and engine), down 1.83%, Executives, officials, and staff assistants, down 1.82%, Maintenance of way and structures, down 1.76%, and Maintenance of equipment and stores, down 0.20%.

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