From: "Gary Britt" 

Possibly, I don't know enough of the details on this.  One point that is
certainly true is that the unemployment measurement can be compared to the
same measurement at other times to get a valid comparison of the
unemployment levels now relative to that other time.  Current unemployment
levels are the same now as in 1996 when Clinton was seeking reeclection. 
If the "real" number now is 7% to 8% it was the same 7% to 8% in
1996.  In 1996 people didn't feel like the sky was falling.

Gary

"Randy H"  wrote in message
news:4114fe92{at}w3.nls.net...
> If that were true then we shold have seen the number of new jobs increased
> even more
> dramatically.
>
> But we didn't now, did we?
>
>
> "Gary Britt"  wrote in message
> news:41144d9c$1{at}w3.nls.net...
> > The given up looking for work crowd is offset by the found work as a
> > self-employed or independent contractor types.  Actually more than
offset
> by
> > them.
> >
> > Gary
> >
> > "Randy H"  wrote in message
> > news:41141939$1{at}w3.nls.net...
> > > Had many in the unemployed not given up looking for work, the true
> number
> > is
> > > somewhere up around 7-8%.
> > >
> > > "Mark"  wrote in message
> news:41140de7$1{at}w3.nls.net...
> > > >  The unemployment rate remains at 5.5%
it's not likely to get
> any
> > > > lower than that for any appreciable time (never has).
Perhaps we've
> > filled
> > > > all the jobs we're going to?
> > > >
> > > > "Rich Gauszka" 
wrote in message
> > > > news:41140765{at}w3.nls.net...
> > > > > It appears that the terror alerts so liked by this
administration
> seem
> > > to
> > > > be
> > > > > affecting hiring decisions of corporations.
> > > > >
> > > > > http://www.nytimes.com/2004/08/06/business/06CND-STOX.html
> > > > >
> > > > > Stocks fell sharply to new 2004 lows today after a
surprisingly
weak
> > > July
> > > > > jobs report heightened concerns about a slowdown in economic
growth.
> > The
> > > > > dollar dropped and bond prices shot sharply
higher. Oil prices
> > slipped.
> > > > > The stock declines were across the board, with
only a few sectors
> > > avoiding
> > > > > the down draft as the three main indexes dropped
1.5 percent or
> more.
> > > Each
> > > > > timed stocks tried to bounce back, more selling
sent them tumbling
> > > again,
> > > > > leaving all three market gauges near their lows
for the day at the
> > > closing
> > > > > bell.
> > > > >
> > > > >      Advertisement
> > > > >
> > > > >
> > > > > For the day, the Standard & Poor's 500 stock
index dropped 16.73
> > points,
> > > > or
> > > > > 1.6 percent, to 1,063.97, down 3.4 percent for the week. The
Nasdaq
> > fell
> > > > > 44.74 points, or 2.5 percent, to 1,776.89, down
5.9 percent for
the
> > > week.
> > > > >
> > > > > "Corporate chieftains are telling me that
they are scared about
the
> > > > > terrorist threat and it is weighing on hiring
decisions and it is
> > > weighing
> > > > > on business investment decisions," said
Richard Yamarone, director
> of
> > > > > economic research at Argus Research.
> > > > >
> > > > > The July jobs report was supposed to be a
cure-all, at least for
the
> > > > > economic worries, with forecasts of an increase of 240,000,
> following
> > a
> > > > weak
> > > > > 112,000 in June. But the actual number was even
weaker then the
June
> > > > report,
> > > > > with only 32,000 jobs created in July, the lowest
total since
8,000
> in
> > > > > December.
> > > > >
> > > > > "We thought the weakness was a blip, but it
wasn't," said David
> > Hegarty,
> > > > > head of United States equity trading at
Commerzbank Securities.
"The
> > > whole
> > > > > move today is all jobs."
> > > > >
> > > > >
> > > > >
> > > >
> > > >
> > >
> > >
> >
> >
>
>

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