It's getting to the point where Mike Gravel has a better chance of getting elected President than I have of getting a full-time job. I thought July would be my month, but . . .
The U.S. Labor Department reported yesterday that the national unemployment rate for July 2007 edged up a tenth of a point - 4.5 percent to 4.6 percent - and the number of jobs created that month was 92,000, below expectations. This sent stocks falling yesterday by about 230 points.
This sounds serious. The stock market usually goes up when people get thrown out of work in repetitive waves of "downsizing" - less money needed for the payroll means more money for the shareholders. Not this time.
My only consolation is that pretty soon everyone else will be in the same leaky boat with me.
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