Below is the correlation between auto sales and employment. Note auto sales lead employment by roughly 2-3 months. Now, when we add this data point to what we have seen in temp employment (it has a 3-4 month lead time on NFP’s) and the strength there, we have a couple indicators that tell us we should be accelerating employment numbers in early spring.

Screen Shot 2012 02 02 at 9.05.25 PM 624x409 Auto Sales Accelerate....Will Employment Follow?


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