Jobless Rate Dips in July
Unemployment held at a low level last month despite the economic slowdown and recession fears in some [quarters.</br></br>Jobless rates for most groups in the labor force continued at or near Korean War lows except that of teenagers, which remained relatively high.</br></br>The Bureau of Labor Statistics, announced yesterday that JulyÛªs overall unemployment rate. seasonally adjusted, dipped from 3.8 per cent to 3.7 per cent.</br></br>Since sampling variations much as plus or minus 0.1 point, the Bureau doesn't regard last monthÛªs change as significant.</br></br>Although the July rate was above the post-Korean low of 3.5 per cent registered in April and May, it was still well within the 3.5 to 4.1 per cent range that has prevailed the last two and a half years.