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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (7689)	3/15/2007 9:49:19 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Today, were the adult labor-force-participation rate at 2000 levels, the unemployment rate would be about 6.1%. -- Peter Morici, University of Maryland" And I'm not sure 10% of the population of Mexico was living and working in the US illegally and holding down millions of jobs (albeit generally low-paying), although it must have been a large percentage at that time as well. But I'm a little unclear on Pro. Morici calculations of "Adult labor force participation" in comparison to 2000. Is he saying fewer adults are working, and are no longer eligible for further unemployment benefits? Sounds a bit odd to me.. However, compared to places like Europe where they have chronic double digit unemployment, as well as equally high real estate price appreciation, it makes me wonder. I was in Seville, Spain a couple of years ago, and was told that unemployment in that agricultural city was nearly 25%. But I also saw real estate prices had soared almost as precipitously as in the US. Hawk