Robert Hughes

Auto Sales Plunge in March

Auto sales plunged in March providing more evidence of the dramatic impact of COVID-19 and supporting the near-certainty that the U.S. has entered recession.

auto sales

Recession May Have Begun for the U.S. Economy

U.S. nonfarm payrolls plunged by 701,000 jobs in March, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.

COVID-19 Is Hurting Consumer Attitudes

Consumer attitudes deteriorated sharply in March and are likely to show further declines in coming months as layoffs rise and economic activity plunges.

Consumer Confidence