It's largely reflecting the time constraints on the part of shoppers. Doing all the test-driving and research at auto dealers means that they are not at malls and department stores and restaurants.
More Quotes from Ken Mayland:
I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.Ken Mayland
Any long-term plan without an education component isn't a complete plan. We are seeing a brain drain.
Ken Mayland
There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth.
Ken Mayland
more of an emotional response to the recent woes and gives very little insight into consumer spending behavior.
Ken Mayland
This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy.
Ken Mayland
I think we can take heart in the fact that even with all the worries -- about energy prices, higher interest rates and a slowing housing market -- confidence moved higher.
Ken Mayland
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Based on Topics: Time QuotesBased on Keywords: test-driving
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