Photo: Spencer Platt/Getty Images More than 20,000 workers in the railroad industry lost jobs this past year, even as the U.S. economy continued its streak of moderate growth, the Washington Post reports.
Why it matters: Those numbers represent the biggest round of layoffs in the sector since the Great Recession — nearly a 10% drop in rail employment, per Labor Department data . Changes in the rail industry highlight signs of "ongoing pain" in the industrial sector, threatening middle-class jobs, the Post writes. Some economists say American railways are enduring a "freight recession," with volumes dramatically dropping last […]
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