Labor markets are deteriorating rapidly. Layoffs remain at a fast pace, while hiring has all but stopped. As economic activity continues to unravel, there are few prospects for a near-term turnaround. The national unemployment rate, now at 4.9 percent, should breach 6 percent before the economy begins to recover. Steven Wood
Motivational, Inspirational, Funny Quotes
![These data indicate that inflationary pressures are largely confined to the energy sector of the economy. Moreover, because inflation is a lagging indicator of overall economic activity, the recent sharp slowing of [economic] growth should dampen inflation over the balance of the year. - Steven Wood Quotes](/pic/img/img.php?text=VGhlc2UgZGF0YSBpbmRpY2F0ZSB0aGF0IGluZmxhdGlvbmFyeSBwcmVzc3VyZXMgYXJlIGxhcmdlbHkgY29uZmluZWQgdG8gdGhlIGVuZXJneSBzZWN0b3Igb2YgdGhlIGVjb25vbXkuIE1vcmVvdmVyLCBiZWNhdXNlIGluZmxhdGlvbiBpcyBhIGxhZ2dpbmcgaW5kaWNhdG9yIG9mIG92ZXJhbGwgZWNvbm9taWMgYWN0aXZpdHksIHRoZSByZWNlbnQgc2hhcnAgc2xvd2luZyBvZiBbZWNvbm9taWNdIGdyb3d0aCBzaG91bGQgZGFtcGVuIGluZmxhdGlvbiBvdmVyIHRoZSBiYWxhbmNlIG9mIHRoZSB5ZWFyLiA=&author=ICBTdGV2ZW4gV29vZCAgICA=&num=12 "These data indicate that inflationary pressures are largely confined to the energy sector of the economy. Moreover, because inflation is a lagging indicator of overall economic activity, the recent sharp slowing of [economic] growth should dampen inflation over the balance of the year. - Steven Wood Quotes")
