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To: Glenn D. Rudolph who wrote (131484)	9/19/2001 7:54:10 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

yup. And so are interest rates!

To: Glenn D. Rudolph who wrote (131484)	9/20/2001 12:12:25 AM
From: GST	Read Replies (3) \| Respond to of 164684

One of the reasons why the unemployment rate is low is that many of the people laid-off in the last six months choose not to look for work and so are not counted as unemployed. Jobless numbers in the morning will point to a move up to six percent in the near future. If you add in those who simply dropped out of the employment scene for one reason or another (like going back to school) you can add one more percent to that -- in other words we are already approaching something closer to a "real" level of 7% unemployment -- and rising pretty fast. If we are going from a slow slide to a sharp drop in the economy, expect that number to climb surprisingly quickly -- i.e. add another point by Christmas for a total of between 7 and 8% depending on how you want to count it. At that point, unemployment will no longer be "low", and that is right around the corner.