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For six weeks in the fall of 2023, the United Auto Workers (UAW) went on strike. The Big Three automakers—General Motors, Ford, and Stellantis, the parent company of Jeep and Chrysler—were the targets. The auto industry makes up about three percent of the nation’s gross domestic product (GDP), and UAW workers produce nearly half of the light vehicles made in the United States. Within days, the strike halted production at plants in Michigan, Ohio, and Missouri. The Federal Reserve estimated that the strike subtracted 0.1 percentage points from annualized GDP growth in the third quarter and 0.5 percentage points in