Jobless rate drops, largely because of discouraged people leaving job market

Associated Press ^ | 08-01-03

[Brian S]

The nation's unemployment rate dipped to 6.2 percent in July, but businesses cut jobs for a sixth month in a row, still wary despite signs the economy is on the mend. With jobs scarce, close to half a million people gave up looking.

[E. Pluribus Unum]

What exactly do you do when you "leave the job market?"

Stop eating?

[Brian S]

Peddle dope and sell your a$$... ;)

[Skooz]

Slanted. Big time.

I heard this reported at the top of the hour news during Rush and could barely believe my ears. This is how a drop in unemployment is reported when a Republican in President.

[CheezyD]

And how do they identify who has "given up"? Seems to me this is just an attempt to put a damper on the news that the unemployment figures are looking better.

[theDentist]

With jobs scarce, close to half a million people gave up looking.

When bills are coming in, the kids gotta eat, and you need to keep the roof over your head, people don't give up looking!

[biblewonk]

Two income families become one income families and women actually become housewives and take care of their kids.

[grobdriver]

What exactly do you do when you "leave the job market?"

You forget about working for someone else and start your own business.

[sangoo]

What exactly do you do when you "leave the job market?"

You dip into your savings. Thats what I have been doing. I'm over 50, and I got tired of what I discerned to be age discrimination so said forget it and now I am in the process of moving out of the former great state of California.

[Skooz]

My wife just a job today, so the numbers are out of date need revising.

[RaceBannon]

http://www.freerepublic.com/focus/f-news/955929/posts

http://www.freerepublic.com/focus/news/954156/posts?page=1

http://www.freerepublic.com/focus/f-news/956435/posts

http://www.freerepublic.com/focus/f-news/956461/posts

That's a start!

[Cyber Liberty]

"Women, children and minorities hardest hit."

[waterstraat]

What exactly do you do when you "leave the job market?" Stop eating?

When there arent any jobs, you stop looking. The jobs are all in china and india, and they dont employ americans.

It is up the rest of americans who still have jobs to make up the difference. Not only do you have to pay more taxes(to make up those who no longer pay taxes) but you will also have to pay more for welfare, food, clothing, shelter, etc. for those whose jobs went overseas.

Until and unless, american companaies start opening up factories in america, and when they stop out sourcing and hiring H1-B visa people, you will be expected to continue to pay up.

Free trade is not free.

Someone has to pay, and it is not going to be the global companies who are permantently laying off people. government spending is not going down because there are fewer taxpayers, it is going up, with fewer workers paying.

[Skooz]

"Return of the homeless"

[Steven W.]

that is the most pathetic accumulation of garbage I've ever read outside a Puplava column - seriously, get a life & get a job. better yourself. improve your skills. but don't adopt a pathetic liberal line "wo is me" - this is America & you can do whatever you want as long as you're charging a fair price for a desired product.

[syriacus]

I thought I heard someone on TV say that some people are not going back into the market because they have decided to retire from the rat race.

Remember when boomers were saying they hoped to retire by the time they were 55?

Many baby boomers are into their mid-fifties now.

[theDentist]

I was out for 18 months! And even with only myself to worry about, I still had debts, and though there were some days I felt too discouraged to look, I'd have been awake all night long feeling guilty at a day lost, and the opportunities lost.

[theDentist]

I was out for 18 months! And even with only myself to worry about, I still had debts, and though there were some days I felt too discouraged to look, I'd have been awake all night long feeling guilty at a day lost, and the opportunities lost.

[1066AD]

And how do they identify who has "given up"?
When unemployment benefits are exhausted you are no longer counted as "unemployed", you move to the "given up" category !

[wiseone]

Unemployment is being promoted by CHINA and USA playing games with our lives, by artificially hyper-stimulating both economies for the gain of a few,many of us suffer!

Nations makes us all puppets in their games

the US current account deficit will explode upwards.

China is trading goods for US paper.

This game of "trading goods for paper" creates a hyper-stimulative environment for both countries' economies - which authorities on both sides of the Pacific want. The Chinese and US currencies are falling against the euro, money supply in both economies is going up and interest rates are low. All of these are powerful stimulants for economic growth and share prices.

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1059478586845