So, we believe the early stages of our restructuring are paying off now. The economy is, in some ways, even stronger than the macro-economic statistics show. For the next three or four quarters we should see real economic growth in the range of three to five percent, with inflation on top of that. The inflationary concerns are real. They are already beginning to show up in increased housing prices, increased labor costs and other factors.
Unemployment is at historically low levels.
In general, it is more difficult to find employees and employee turnover has increased. In this environment, it is sometimes necessary to adjust wages or benefits to attract and retain employees. He works hard at being governor and he's doing a fine job in my view. In the 2000 General Assembly just concluded, he and the legislators expanded funding and continued his emphasis improving higher education, not to mention K through 12. The industry has been affected by a number of factors, including consumer backlash against medical network restrictions, employer anxiety about rising costs, the proliferation of class-action lawsuits and a pharmaceutical spending explosion.