One Of The Most Important Jobs Numbers Is Coming Out Today

On Friday we get non-farm payrolls for April, but today we get a great preview in the form of auto sales.

As the chart shows, there’s a very nice correlation between monthly auto sales and the inverse of the unemployment rate.

Current expectations are for vehicle sales of 14.4 million (annualized).

We’ll be covering the data all day.

chart

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.