Thread: July Jobs: American Worker Displacement Resumes

July Jobs: American Worker Displacement Resumes

3 August 2007

Edwin S. Rubenstein
Nonfarm payrolls grew by a lower-than-expected 92,000 in July, the least seen since February. And the nation’s unemployment rate rose to 4.6%, up from 4.5% in June and the highest reading since January, the Labor Department reported.

The hint of recession did not help an already beleaguered stock market.

It’s a good thing Wall Street doesn’t focus on the “otherâ€

They are finding jobs anywhere anyone else does.

Many office workers work as 'temps' through agencies, and many workers work simply as 'contract' labor. Some people may have the idea that these manpower agencies only provide temporary work. That isn't the case. Sometimes people work for years through them. Also, some think these people just provide manual type labor - also not true.

They are working in offices, schools, retail, opening businesses.