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Unemployment claims, trade, vehicle sales

Summary:
Still way above the 200,000 pre covid levels.Makes me wonder why so many people are still losing jobs: Weaker imports is likely a sign of a weaker US consumer: And oil isn’t much of a factor anymore: This is seriously low as supply issues continue: Dried-Up Inventory Sinks U.S. Light-Vehicle Sales in August :: Wards Intelligence (informa.com) August’s annualized rate was tracking about one million units higher until the inventory-drain worsened enough that sales nosedived at the end of the month, which does not bode well for the upcoming Labor Day weekend (as well as entire-September), when the market usually gets a boost from holiday deals and promotions.

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Still way above the 200,000 pre covid levels.
Makes me wonder why so many people are still losing jobs:

Unemployment claims, trade, vehicle sales

Unemployment claims, trade, vehicle sales
Weaker imports is likely a sign of a weaker US consumer:

Unemployment claims, trade, vehicle sales

Unemployment claims, trade, vehicle sales
And oil isn’t much of a factor anymore:

Unemployment claims, trade, vehicle sales

This is seriously low as supply issues continue:

Dried-Up Inventory Sinks U.S. Light-Vehicle Sales in August :: Wards Intelligence (informa.com)

August’s annualized rate was tracking about one million units higher until the inventory-drain worsened enough that sales nosedived at the end of the month, which does not bode well for the upcoming Labor Day weekend (as well as entire-September), when the market usually gets a boost from holiday deals and promotions.

Unemployment claims, trade, vehicle sales

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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