From: "Gary Britt" 

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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