Show less
Trading on the 'Yen strength story': Lambert
Clive Lambert - FuturesTechs
6 hours ago
Carmakers and financials after Brexit: Garnry
Peter Garnry
Yesterday at 12:33 GMT
Webinar - LEAPS and how to trade them: Stoev
Georgio Stoev
Yesterday at 8:27 GMT
Why I’m selling Johnson Matthey: Neighbour
Joe Neighbour
Yesterday at 7:29 GMT
Gold back in the spotlight: Garnry
Peter Garnry
Wednesday at 10:21 GMT
Why I’m trading EURUSD: Collins
Wednesday at 6:34 GMT
FX chart analysis after Brexit: Hardy
John J Hardy
Tuesday at 10:23 GMT
Why I’m buying USDCAD: Coleman
Ian Coleman - First 4 Trading
Tuesday at 6:36 GMT
What Brexit did to FX: Hardy
John J Hardy
Monday at 12:57 GMT
Trading FX this week - technical analysis: Kim
James Kim@Saxo
Monday at 10:53 GMT
Looking to short SMH: Berger
Serge Berger
Monday at 6:44 GMT
Video / 15 April 2014 at 8:49 GMT

US autos back on highway but leaving jobs behind

Angus Walker

Bob Johnson, Director of Economic Analysis at Morningstar research, highlights some fascinating data from the US auto industry. While production and sales have almost got back to 2005 peak levels, employment in the auto industry is only around three quarters of what it was almost ten years ago. This data may reveal one reason why employment growth has been so weak during the US recovery.

The research does reflect increased efficiency within the global auto industry, but the figures are not good news for the wider economy. In the US the auto industry is responsible for 8 million jobs nationwide, or about 4.5% of private-sector employment. People in auto-related jobs collectively generate more than $70 billion annually in tax revenues, that's according to the Auto Alliance which represents many of the largest auto manufacturers in the USA.




The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Show latest activity
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail