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U.S. Economy Remains Strong, Solid Economic and Employment Data in May

By Kyle Cheng

SEMA Indicators ReportThe monthly SEMA Industry Indicators reports offer a high-level snapshot of the overall U.S. economy with an emphasis on economic data affecting the automotive aftermarket industry.

Overall, the U.S. economy continues to look strong. Despite rising gas prices and ongoing political uncertainties in international trade, consumer confidence remains high. Consumers have room to maintain, and even increase, their spending in the near-term. Another 223,000 new jobs were added in May, pushing the overall unemployment rate down to 3.8%. This exceeded expectations and is the lowest jobless rate since April 2000. Additionally, businesses look well positioned for growth and sentiment looks strong.  

To learn more, download the June Industry Indicators Report, now available from SEMA Market Research. This monthly report provides a high-level snapshot of the overall U.S. economy, with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business. This month, the report also highlights last year’s SEMA Show.

To view the new Industry Indicators Report, visit