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ECONOMY IS IN A STATE OF GRIDLOCK, SAYS U.S. CHAMBER OF COMMERCE EXECUTIVE

 WASHINGTON, July 2 /PRNewswire/ -- Martin A. Regalia, vice president and chief economist, U.S. Chamber of Commerce, commented on the June employment report:
 The June employment report, while not dreadful, contained no good news either. It was merely more of the same, reinforcing other recent reports that show the economy is in a state of gridlock.
 Don't expect any real economic movement for at least the next few months. Things will continue to drift along at about the same level with some indicators moving up and others moving down.
 Job growth was stagnant in June after two months of upward movement. Until employment growth stabilizes at a reasonable rate, there will be no real improvement in the economy.
 -0- 7/2/93
 /NOTE: Regalia is available for further comment./
 /CONTACT: Thomas Love of the U.S. Chamber of Commerce, 202-463-5682/


CO: U.S. Chamber of Commerce ST: District of Columbia IN: SU: ECO

DC-KD -- DC006 -- 8090 07/02/93 10:35 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
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