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US Deficit and Government Spending Grow in Q2
Fasten your seat belt it’s going to wild ride. Is that a tropical storm building in the straits of Hormuz? Continue reading
Posted in economy, labor issues, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Deficits, Ken Zino, Trump economy, US GDP
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The April 2024 U.S. Jobs Report – is Stable Good?
The U.S. labor market added 175,000 jobs in April, the White House said today via its Council of Economic Advisors. More than 60% of private-sector industries added jobs. The unemployment rate ticked up slightly to 3.9% – it went from 3.83% to 3.86% – and the labor force participation rate held steady at 62.7%. AutoInformed sees nothing in the report that is practically worrisome to the auto industry. What will be telling is if the companies can adjust supply to demand without incurring losses. Continue reading →