This was a combination of both bad weather and the timing of when Easter fell, so it made the earlier period look better and this period look worse, ... When you wash these effects out, you essentially get the signal that consumption is not going like gangbusters, but at least it's reasonably strong.
More Quotes from Ken Goldstein:
We discovered for the umpteenth time that what matters most for most Americans is the labor market.Ken Goldstein
The labor market picture remains a bit cloudy. There are some bright spots where the job market may be picking up, but it's by no means a clear picture.
Ken Goldstein
The underlying story here is that we have this strong job growth, ... if we continue to have strong job growth - and I think we will - then we will continue to see those wage levels push up.
Ken Goldstein
A weakening national situation is not good news for the Gulf Coast area. Some workers seem reluctant to move to an area where the labor market was already weak.
Ken Goldstein
The labor market picture remains cloudy.
Ken Goldstein
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