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€