THRC Report Points to Lowest Unemployment in Trucking this Year

Trucking HR Canada’s (THRC) quarterly Labour Market Information (LMI) snapshot shows a lower unemployment rate among truck drivers, indicating a smaller pool of potential job applicants and a continued rebound across the supply chain.

Some highlights of the report, include:

  • 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 position 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.

Read the full report: here

For an archive of LMI data and previous outlook reports, please visit: here

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