http://www.freerepublic.com/focus/f-news/2914201/posts
In July, the labor force participation rate fell to 63.7 percent, while the employment-to-population ratio slid to 58.4 percent, from 58.6 percent in the prior two months. If labor force participation rate hadn’t declined since June, unemployment rate would have risen to 8.4 percent.
Further, according to the household survey, employment fell 195,000 in July, its first decline in three months. Moreover, the entire decline was in full-time jobs, which sagged 228,000 and has shrunk now in three of the past four months.