Unemployment Rate: 4.1% vs. 4.1% exp. (prior 4.2%) Avg Earnings – inc. bonus (3MoY): 4.0% vs. 4.1% exp. (prior 4.5%) Avg Earnings – ex. bonus (3MoY): 5.1% vs. 5.1% exp. (prior 5.4%)
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OUCH! Two unnamed Nissan executives said the company has “12 to 14 months to survive,” per Motor1.
Nissan cut more than 9,000 jobs last week, while simultaneously slashing production by nearly 20%. Nissan’s operating profit dropped 85%