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What Jobless Claims in June Mean for Automakers

John Parker
What Jobless Claims in June Mean for Automakers

According to the most recent data released for the week ended June 9, initial jobless claims at a seasonally adjusted annual rate (or SAAR) in the United States were 218,000. In general, jobless claims less than 300,000 are considered a sign of a strong jobs market. A recent fall in jobless claims could be a positive indicator for the future of auto sales.