Morning Snip:
At A Glance
The jobless recovery at a glance. (Nick Bunkley in the Times)
Three years ago, G.M. needed to sell nearly four million vehicles a year in the United States to break even, but today, it can be profitable at roughly half that sales volume, Mr. Liddell said in the video. Hourly labor costs have been cut by more than two-thirds, to $5 billion, from $16 billion in 2005, he said.