Cars and jobs?

[Eugene Coyle]

The stock market liked it last week when, although retail sales were sort of weak, when car sales were taken out of the figure,things looked pretty good.

It occurs to me that cars are actually made in the USA (mostly), where as most everything else isn't. So even if retail sales hold up for other stuff, if car sales sag, a real drop in jobs will take place. So retail sales can stay up while the GDP goes down.

Does this make sense?

Gene