The bailout of the auto companies was a controversial one. Nevertheless, the rebound in the U.S. auto sector has been spectacular.
Yesterday, we learned that U.S. auto sales jumped to 15.1 million at a seasonally adjusted annual rate, smashing expectations.
And according to the Bureau of labour Statistics, the auto industry has added a whopping 207,600 jobs since June 2009, the recent bottom for employment in the industry. Here’s a chart from a new presentation by the US Treasury Department.