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How High Gasoline Prices are Creating Jobs and Growing The Economy
For the first time in U.S. history the pain at the pump is not killing our economy. Counter-intuitively, high gasoline prices are creating jobs and helping restore America’s manufacturing and commercial strength.
Here are the facts on our country’s economic recovery:
Retail sales strength
March retail sales were up .8 percent on top of February’s 1% sales volume increase. The sales leader? Cars and light trucks sold at a 14.3 million unit annual rate. March capped the strongest quarter of car sales since 2008.
Jobs Growth:
America is creating jobs. 120,000 jobs were added in March with almost a third coming in manufacturing. Year to date, approximately 700,000 jobs have been created in the U.S.
This type of economic performance in the face of record high gasoline prices is NOT supposed to be happening based upon historical economic trends. Continue reading to find out how the economics of how high gasoline prices are creating jobs and helping our economy grow:
Chevy Volt owners self-reported achieving on average 120 miles per gallon.
