Executive Briefings

Hiring Surges as Logistics Firms Head Into the Holidays

Logistics companies went on a hiring spree in November to handle the holiday surge in online shopping, adding thousands of jobs picking items off shelves in warehouses and delivering packages to customers’ homes.

The warehousing and storage sector, which includes the fulfillment centers where workers pick, pack and ship e-commerce orders, added 8,100 jobs in November, the most the sector has added in a single month since December 2015, the Labor Department reported.

November marked the eighth straight month of expansion in a sector that has boomed as more people buy goods from e-commerce giants such as Amazon.com Inc. On Cyber Monday this year, shoppers spent $6.59bn online, nearly a billion dollars more than last year, making it the biggest online shopping day yet, according to software company Adobe Systems Inc.

Those gains come as the broader jobs market logged strong growth across sectors ranging from manufacturing and health care to construction. Overall nonfarm payrolls added 228,000 positions — more than economists had expected — and the unemployment rate held at 4.1 percent, a 17-year low.

Job growth accelerated in the transportation sector, bolstered by strong manufacturing activity and increased freight demand from retailers.

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The warehousing and storage sector, which includes the fulfillment centers where workers pick, pack and ship e-commerce orders, added 8,100 jobs in November, the most the sector has added in a single month since December 2015, the Labor Department reported.

November marked the eighth straight month of expansion in a sector that has boomed as more people buy goods from e-commerce giants such as Amazon.com Inc. On Cyber Monday this year, shoppers spent $6.59bn online, nearly a billion dollars more than last year, making it the biggest online shopping day yet, according to software company Adobe Systems Inc.

Those gains come as the broader jobs market logged strong growth across sectors ranging from manufacturing and health care to construction. Overall nonfarm payrolls added 228,000 positions — more than economists had expected — and the unemployment rate held at 4.1 percent, a 17-year low.

Job growth accelerated in the transportation sector, bolstered by strong manufacturing activity and increased freight demand from retailers.

Read Full Article