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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (77139)	7/7/2003 7:13:39 PM
From: Haim R. Branisteanu	Respond to of 209892

Unadjusted unemployment is 10.6% my 7.75% is based on the addition of the 1.5 million idle unemployed added to the adjusted numbers. But best check out this unadjusted information bls.gov From the actual report bls.gov Employment in health care and social assistance rose by 35,000 over the month and has increased by 306,000 over the year. In June, ambulatory health care services (including offices of physicians, outpatient care centers, and home health care services) added 24,000 jobs; hospital employment increased by 9,000. Keep in mind that the home health care services added 24,000 jobs. ........ those jobs are non productive and more so they are on the expense of savings of the elderly people. Therefore the rise of employment in this category is a drag on the economy as hard earned money of the elderly evaporates in thin air and not transferred to their heirs ....... think of it like spending money on beer or ice cream or haircuts Unemployment (Household Survey Data) The number of unemployed persons increased by 360,000 in June to 9.4 million, and the unemployment rate rose from 6.1 to 6.4 percent. Since March, unemployment has increased by 913,000. The rate for adult men edged up for the third month in a row; at 6.1 percent, the jobless rate for this group was 0.8 percentage point higher than in March. The teenage unemployment rate, at 19.3 percent, has trended up since the beginning of the year. Over the month, the unemployment rate for blacks increased to 11.8 percent. Jobless rates for the other major worker groups--adult women (5.2 percent), whites (5.5 percent), and Hispanics (8.4 percent)--showed little change from May. The unemployment rate for Asians was 7.8 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.) In June, there were 2.0 million unemployed persons who had been looking for work for 27 weeks or longer, an increase of 410,000 over the year. They represented 21.4 percent of the total unemployed, up from 18.8 percent a year earlier. (See table A-9.) Total Employment and the Labor Force (Household Survey Data) The civilian labor force increased by 611,000 over the month to 147.1 million. The labor force participation rate rose by 0.2 percentage point to 66.6 percent in June. The rate is up from its recent low of 66.2 percent in March. Total employment in June was 137.7 million, and the umployment population ratio was unchanged at 62.3 percent. (See table A-1.) Persons Not in the Labor Force (Household Survey Data) In June, 1.5 million persons were marginally attached to the labor force,little changed from a year earlier. These individuals wanted and were available to work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed, however, because they did not actively search for work in the 4 weeks preceding the survey. There were 478,000 discouraged workers in June, up from 342,000 in June 2002. Discouraged workers, a subset of the marginally attached, were not currently looking for work specifically because they believed no jobs were vailable for them. (See table A-13.)