-
Recent Posts
- UAW Files Unfair Labor Practice Against American Axle
- Stellantis FaSTLAne 2030 Financial Reform Revealed
- Memorial Day Weekend Gas Prices Highest in Four Years
- Chinese Dongfeng Voyah Vehicles Coming to EU Via Stellantis
- Stellantis, Jaguar Land Rover Sign MOU on Tech Development
- Volvo Cars and Google Gemini Add AI Tech
- HondaJet APMG S Upgrade Expands to Mexico
- May 2026 Light Vehicle Production Forecast is Down Again
- Chrysler Recalls Jeep Cherokee Models for PTU Failures
- Coming Soon Chinese-Built Jeeps?
- BMW N.A. Starts Preferred Pricing at IONNA Charging Sites
- Trumped – National Average for Fuel Prices Climbing Yet Again
- First Glance – Acura Hybrid SUV
- BMW Group to Convert Preferred Shares to Common
- California Starts $1 Billion Rebate Program for Electric Trucks
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Tag Archives: goods and services deficit
Trade Deficit Drops $16 Billion in November 2022
The goods and services deficit was $61.5 billion in November, down $16.3 billion from $77.8 billion in October (revised) the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today.* However, it was because November exports were $251.9 billion, $5.1 billion less than October exports; but November imports were $313.4 billion, $21.5 billion less than October imports.
In short, the US economy stopped buying more imports at an amount greater than its exports increased. Whether this is good or bad depends on your economic ideology. Continue reading
Posted in economy
Tagged auto industry commentary, autoinformed.com, goods and services deficit, Ken Zino
Leave a comment
US December Unemployment at Record Low of 3.5%
Nevertheless, the Federal Reserve seems determined to send the US economy into a deep recession. The Fed has done this in the past with reckless interest rate increases from an ideology that thinks it is good when people lose jobs to keep demand and inflation down. However, consider that during December, average hourly earnings for all employees on private non-farm payrolls rose by 9 cents, or a mere 0.3%, to $32.82. During the past 12 months, average hourly earnings have increased by 4.6%. In December, average hourly earnings of private-sector production and non-supervisory employees rose by 6 cents, or 0.2%, to $28.07. AutoInformed doesn’t consider the latest data as cause for inflationary worries, let alone more interest rate increases. (Autoinformed.com: Federal Reserve Chair Powell Says Inflation Remains Too High) Continue reading →