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Scott Lincicome: Mexico lost 300000 auto jobs with no U.S. factory gain

Scott Lincicome: Mexico lost 300000 auto jobs with no U.S. factory gain
Mexico auto jobs drop, no U.S. gain

Scott Lincicome points out that Mexico lost 300,000 auto-sector jobs last year, but there was no corresponding increase in employment at U.S. auto factories, where payrolls also declined.

He adds that the fluctuating trade policy in Washington acts as a significant deterrent to investment in the auto sector.

Lincicome has commented on global energy and real estate developments in prior reports. He recently noted that Europe is avoiding long-term U.S. LNG contracts, raising concerns among project developers. In a separate report, he pointed out that New York City will more than double property taxes for many luxury second homes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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