The March employment report showed a deceleration in job creation, but the unemployment rate fell to the lowest level for the pandemic. Labor force participation grew again to the highest level for the pandemic. Consistent with a strong labor market,…
With the first quarter ending, we are looking back at the 10 trends that the Cox Automotive Industry Insights team laid out in the early days of 2022 that are shaping the auto industry this year. Overall, the Cox Automotive…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
A replay of the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team presented…
Last week was a light week for new economic data. This week delivers a veritable buffet of updated data covering personal income, spending, and inflation data for February, and employment, consumer confidence, and new-vehicle sales data for March. The housing…
COVID-19 cases are now down 96% from the peak in mid-January, but the war in Ukraine and accelerating inflation have weighed on consumer sentiment in March. Still, the consumer kept spending at retailers in February, but inflation is what drove…
The Fed followed through with its widely telegraphed plan to start raising the target rate for the Federal Funds Rate. The target was increased by a quarter of a point, as expected, but the Fed indicated that six more quarter-point…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
COVID-19 cases continue to fall and are back to July levels. Even with cases down, consumer sentiment, according to the University of Michigan, declined again in the initial March reading as consumers are impacted by rising gas prices and unsettled…
The February employment report was stronger than expected as job creation accelerated to 678,000 jobs compared to 481,000 created in January, and prior months were revised up. Labor force participation grew to the highest level for the pandemic, and the…
