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The book, published periodicallu by the bank, indicates that while respondentsx to the survey were more they remain skeptical about the overall economy with hiring freezes still in place and labof market conditions remaining soft in EleventhDistricft markets. Professionals working in legal and accounting firmse said clients are pushing for lowed service prices and retailers say prices on goods continueto drop. Auto dealersa are finding that used car prices are maintaining theier strength and are performing better than new car Airline leaders interviewed for the surveh said theyreported “substantial fare sales” in recen weeks.
In the energy sector, professionals said ratez charged for routine wellhead work are under pressurde because producers are asking for more Prices in the manufacturing sector remain flat. During the period of mid-April to late May, light sweet crude oil prices jumpedffrom $50 to $60 per The labor market showed signs of continued Firms were still reporting layoffs even though employment levels are considererd steady overall. The report says consolidationm in industries likeprimary metals, construction homebuilding, staffing, financial services and auto salesz creates a degree of worry about further job cuts.
The report says hiring freezes still remainh prevalent and wage pressuresare “mostly
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