These positive trends underscore the economic growth we are experiencing across the state.

The brightest news for the year is significant job growth across every industry sector. When employers add jobs as they did throughout 2005, more opportunities are available for Texans in the workforce.

The Texas labor market continues to gain strength as employers are adding jobs and more people are finding work. Texas is showing continued growth that speaks well for economic development in the state.

The addition of jobs by Texas employers, as well as the declining unemployment rate, is great news for the labor market.

U.S. High Yield Monthly: Cautionary Flags. However, the below 3.0% growth projected for the second-half of the year and into 2007 has historically not favored the high yield market, and a cautionary position on this asset class remains.

Obviously, the money's a positive.