Tag Archives: Biden Recovery

US Transportation Unemployment Below Pre-Pandemic Rate

Posted on 6 September 2022 by Ken Zino

The August 2022 rate fell 1.8 percentage points from 6.4% in August 2021 and was below the pre-pandemic August level of 4.8% in August 2019. Unemployment in the transportation sector reached its highest level – an all-time record high – during the COVID-19 pandemic (15.7%) in May 2020 and July 2020 under the Trump Administration. Continue reading →

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Covid Recovery: GM Stock Dividend Returns

Posted on 19 August 2022 by Ken Zino

GM suspended its quarterly dividend in April of 2020 in response to uncertainty caused by the global coronavirus pandemic. While some uncertainty still exists, AutoInformed thinks that the ongoing successes of the Biden Administration’s public health and employment policies – particularly the passage of the Stop Inflation Recovery Act of 2022 – are reasons for optimism. Continue reading →

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Biden Recovery: Transportation Jobs Equal Pre-Pandemic

Posted on 8 July 2022 by Ken Zino

“In the second quarter of this year, we created more jobs than in any quarter under any of my predecessors in the nearly 40 years before the pandemic. We have more Americans working in the private sector today than any day during Donald Trump’s Presidency – more people than any time in our history,” said President Biden. Continue reading →

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US Vehicle Sales Weakest Since 2011 – Drop 12% in February

Posted on 3 March 2022 by Ken Zino

The annualized selling rate, aka SAAR, of 14.0 million units declined in both the monthly and annual comparisons. However, the February SAAR was still 1 million higher than the average rate during the second half of 2021. With the same number of selling days as in January, February’s daily average grew by ~2,000 units/day, to 43,600 units/day – it has floated above the 40,000-unit threshold since November 2021 after President Biden was elected and a recovery from the economic reverses and job losses from the Trump Administration began. Continue reading →

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