"While it seems pretty clear that economic momentum is slowing, the jury is out on whether lesser momentum will be sufficient to translate into relief on the price front over the intermediate to longer term. In East Texas parlance, 'It might could but it mightn’t'; it most definitely has not thus far."
As expected, revisions to Houston’s wage and salary employment growth were positive through the first quarter of this year, implying six-month job growth of about 2.2 percent, or a pace of about 55,000 new jobs in 2008.
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