Recession leads to lackluster employment in the trucking industry

Chart 5. Diesel fuel prices vs. employment in truck transportation, seasonally adjusted, March 1994-December 2009
Month Price per gallon of diesel fuel (in dollars) Employment (in thousands)

March-94

1.11 1196.1

April-94

1.11 1146.7

May-94

1.10 1208.6

June-94

1.10 1210.7

July-94

1.11 1214.6

August-94

1.12 1214.6

September-94

1.12 1221.5

October-94

1.12 1223.0

November-94

1.13 1231.0

December-94

1.11 1238.5

January-95

1.10 1239.6

February-95

1.09 1243.8

March-95

1.09 1247.4

April-95

1.10 1252.6

May-95

1.13 1244.8

June-95

1.12 1243.7

July-95

1.10 1236.3

August-95

1.10 1242.7

September-95

1.12 1238.1

October-95

1.11 1270.0

November-95

1.12 1265.8

December-95

1.13 1261.7

January-96

1.15 1267.7

February-96

1.15 1270.2

March-96

1.18 1271.8

April-96

1.27 1277.0

May-96

1.27 1281.8

June-96

1.20 1289.5

July-96

1.18 1296.7

August-96

1.20 1292.1

September-96

1.26 1288.8

October-96

1.32 1286.1

November-96

1.32 1283.8

December-96

1.31 1280.9

January-97

1.29 1284.4

February-97

1.28 1288.9

March-97

1.23 1292.5

April-97

1.21 1295.7

May-97

1.20 1301.7

June-97

1.17 1303.7

July-97

1.15 1311.4

August-97

1.17 1317.0

September-97

1.16 1324.9

October-97

1.18 1323.9

November-97

1.19 1326.4

December-97

1.17 1327.5

January-98

1.12 1330.0

February-98

1.08 1336.7

March-98

1.06 1337.5

April-98

1.07 1347.6

May-98

1.07 1352.5

June-98

1.04 1356.6

July-98

1.03 1357.1

August-98

1.01 1361.5

September-98

1.02 1364.7

October-98

1.04 1366.7

November-98

1.02 1366.3

December-98

0.97 1369.8

January-99

0.97 1373.1

February-99

0.96 1374.7

March-99

1.00 1375.5

April-99

1.08 1380.6

May-99

1.07 1384.5

June-99

1.07 1389.9

July-99

1.12 1395.9

August-99

1.17 1395.8

September-99

1.22 1401.9

October-99

1.23 1405.4

November-99

1.26 1408.4

December-99

1.29 1405.9

January-00

1.36 1408.5

February-00

1.46 1406.5

March-00

1.48 1409.1

April-00

1.42 1409.3

May-00

1.42 1406.2

June-00

1.42 1404.9

July-00

1.43 1404.3

August-00

1.47 1404.9

September-00

1.64 1402.2

October-00

1.64 1402.3

November-00

1.62 1403.5

December-00

1.56 1405.6

January-01

1.52 1407.0

February-01

1.49 1406.8

March-01

1.40 1408.2

April-01

1.42 1400.5

May-01

1.50 1396.1

June-01

1.48 1391.8

July-01

1.38 1389.2

August-01

1.39 1378.0

September-01

1.50 1377.2

October-01

1.35 1369.3

November-01

1.26 1362.8

December-01

1.17 1356.3

January-02

1.15 1349.6

February-02

1.15 1347.8

March-02

1.23 1344.8

April-02

1.31 1345.5

May-02

1.30 1341.7

June-02

1.29 1337.6

July-02

1.30 1334.1

August-02

1.33 1330.9

September-02

1.41 1332.0

October-02

1.46 1337.6

November-02

1.42 1333.3

December-02

1.43 1332.8

January-03

1.49 1327.9

February-03

1.65 1325.2

March-03

1.71 1330.1

April-03

1.53 1318.7

May-03

1.45 1319.0

June-03

1.42 1319.6

July-03

1.44 1319.9

August-03

1.49 1329.4

September-03

1.47 1325.8

October-03

1.48 1328.5

November-03

1.48 1332.2

December-03

1.49 1334.3

January-04

1.55 1338.5

February-04

1.58 1337.5

March-04

1.63 1338.8

April-04

1.69 1342.8

May-04

1.75 1346.0

June-04

1.71 1351.2

July-04

1.74 1353.4

August-04

1.83 1358.6

September-04

1.92 1362.8

October-04

2.13 1360.9

November-04

2.15 1359.3

December-04

2.01 1368.6

January-05

1.96 1374.3

February-05

2.03 1380.7

March-05

2.21 1385.7

April-05

2.29 1391.1

May-05

2.20 1395.7

June-05

2.29 1400.1

July-05

2.37 1402.9

August-05

2.50 1401.2

September-05

2.82 1403.6

October-05

3.10 1409.7

November-05

2.57 1412.8

December-05

2.44 1414.5

January-06

2.47 1417.9

February-06

2.48 1421.6

March-06

2.56 1423.2

April-06

2.73 1431.7

May-06

2.90 1430.5

June-06

2.90 1433.6

July-06

2.93 1443.3

August-06

3.04 1441.9

September-06

2.78 1444.2

October-06

2.52 1445.4

November-06

2.54 1446.4

December-06

2.61 1452.7

January-07

2.48 1454.6

February-07

2.49 1451.8

March-07

2.67 1451.3

April-07

2.83 1446.1

May-07

2.80 1449.1

June-07

2.81 1443.8

July-07

2.87 1436.8

August-07

2.87 1433.2

September-07

2.95 1435.7

October-07

3.08 1427.8

November-07

3.40 1424.7

December-07

3.34 1420.4

January-08

3.31 1418.4

February-08

3.38 1411.9

March-08

3.88 1414.6

April-08

4.08 1410.4

May-08

4.42 1405.1

June-08

4.68 1393.1

July-08

4.70 1391.2

August-08

4.30 1390.3

September-08

4.02 1378.1

October-08

3.58 1370.3

November-08

2.88 1358.0

December-08

2.45 1340.8

January-09

2.29 1323.3

February-09

2.19 1313.9

March-09

2.09 1300.3

April-09

2.22 1283.2

May-09

2.23 1277.4

June-09

2.53 1269.5

July-09

2.54 1264.6

August-09

2.63 1261.2

September-09

2.63 1261.7

October-09

2.67 1253.5

November-09

2.79 1249.9

December-09

2.75 1246.6