Transportation and warehousing job quits have jumped from 2.9% to 3.9% in the past month as companies like Amazon and FedEx cancel contracts and cut back on plans, signaling that the labor force transition from low-paying leisure and retail jobs to higher-paying transportation jobs will break quickly, accelerating recession.
causalpending
Speaker
Charles PayneEvidence Quote
“I looked at transportation uh and warehousing jobs. 3.9% quits from 2.9% one month...Amazon's canceling all of its contracts, they're cutting back on their plans, FedEx, everyone's doing the same thing. I think that transition's going to break really quickly.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
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