Monday, June 24, 2013

May employment up over year, previous month

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Figures released Monday, June 24, 2013, by the Surface Transportation Board show Class I railroads employed 164,249 people in mid-May, up 1.05% from May 2012, and up 474 people, or 0.29%, from the previous month of April. The gains were roughly comparable to the employment gains reported a month ago for both year-over-year and monthly employment.

Also per one month ago, all categories save one gained year-over-year, with Transportation (other than train and engine) again notching the sole year-over-year loss, down 1.25%. The top gainer in May, also repeating for a second straight month, was Professional and administrative, up 2.51% in mid-May from a year ago. Executives, officials, and staff assistants gained 1.67%; Transportation (train and engine), rose 1.27%; Maintenance of equipment and stores advanced 0.74%; and Maintenance of way and structures edged up 0.63%.

Five of six categories gained ground in mid-May from mid-April levels. Maintenance-of-Way and Structures again led the monthly gain, up 0.69%, followed by Professional and Administrative, up 0.38%, Maintenance of equipment and stores, up 0.25%, Transportation (train and engine), up 0.16%, and Executives, officials, and staff assistants, eking out a 0.03% gain. The sole declining group between April and May: Transportation (other than train and engine), down a modest 0.29%.