Transportation Economic Trends
Transportation Economic Trends (TET) highlights
transportation's role in the economy through a series of interactive charts and
downloadable data. TET also explains related concepts for a general audience.
Transportation and transportation-related industries
employed over 14.8 million people, accounting for 9.8 percent of the U.S. work
force in 2019 and an increasing share since 2012.
While the economy entered a recession in
February 2020, transportation employment began to decline year-over-year in April
2020 when COVID-19 caused significant declines in freight and passenger
Fuel prices in 2020 declined to nearly 2016
levels—the most recent low before fuel prices began to climb in 2017 and 2018.