Does The US Postal Service Make Money?

When did USPS start losing money?

When Postal Service Losses Began Although the Postal Service lost money in the early part of the decade, in 2001 and 2003, the most significant losses came after the passage of a 2006 law requiring the agency to refund retiree health benefits..

Are US postal workers federal employees?

As a postal worker, you must follow federal rules, and you receive federal benefits. However, the U.S. Bureau of Labor Statistics doesn’t consider postal workers federal employees because the postal service is a quasi-federal agency.

How much money does the post office make a year?

WASHINGTON – The U.S. Postal Service reported operating revenue of $71.1 billion for fiscal year 2019 (October 1, 2018 – September 30, 2019), an increase of $514 million compared to the prior year.

Does the USPS get money from the government?

U.S. Mail is protected by more than 200 federal laws enforced by the Postal Inspection Service, one of the nation’s oldest law enforcement agencies. … The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

How much does the US Postal Service pay?

U.S. Postal Service (USPS) pays its employees an average of $60,865 a year. Salaries at U.S. Postal Service (USPS) range from an average of $40,060 to $88,644 a year.

What percentage of mail is junk?

Americans receive an average of 16 pieces of junk mail per week, compared to only 1.5 personal letters. That means more than 90% of what’s in our mailbox is probably unwanted.

How hard is it to get hired at USPS?

Not difficult but there are some requirements that have to be met. You need to have a clean drug test, no felonies in your background, be willing to work hard, lifting requirements for different jobs. You will have to be flexible with your work days because most jobs are part time at girst.

What is starting pay at USPS?

The average starting pay for an entry-level postal employee is $21 an hour with benefits. This is extremely competitive in the marketplace.

Is the US Post Office in financial trouble?

Poor financial situation: USPS’s overall financial condition is deteriorating and unsustainable. USPS has lost $69 billion over the past 11 fiscal years—including $3.9 billion in fiscal year 2018.

What is the best job at USPS?

“Rural Carrier is the best job in the post office” – Postal Employees – Federal Soup.

Why is USPS losing money?

The Postal Service lost $2.2 billion in its most recently reported quarter. The volume of mail—letters, rather than parcels—has fallen faster than expected because of the pandemic. Congress allocated $10 billion in funding for the USPS under the Cares Act to help offset the worst effects of the pandemic.