Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
Last week saw continued growth in COVID-19 cases. We are likely to hit new records and an eventual peak in daily cases in the next seven to 10 days. The rise in COVID-19 cases in December resulted in job losses for the month, mostly in the service sector. More job losses are expected until we … Continued
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
The last two weeks of December provided several key data points for November that revealed declining momentum in the economy. The holiday weeks also provided updated readings on consumer sentiment and confidence that did not indicate improving trends in the final month of the year. However, the weekly jobless claims data provided some encouragement, albeit … Continued
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
Last week, we saw continued growth in COVID-19 cases but at a slowing pace. Record cases and new restrictions are causing a continued uptick in new jobless claims. Consumer sentiment improved modestly last week, building upon improvement that came as vaccine news seems to be helping lift consumer spirits. Retail sales declined in November with … Continued
Little new information emerged from the Fed today as they issued their official statement following their December and final meeting of the year. In fact, the only change in the official statement was more specific details about their program of buying Treasury bonds and mortgage-backed securities. There was no change in their language describing the … Continued
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
This week was the worst week yet for the pandemic in the U.S. with record cases, hospitalizations and deaths. Record cases and new restrictions are causing an uptick in the jobless numbers. Job losses soar: Rising COVID-19 cases this fall are leading to further job losses. Traditional continuing claims increased by 230,000 Americans to 5.8 … Continued
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued