150K Americans Quit Looking For Work In July

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195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force 
By Terence P. Jeffrey August 3, 2012

(CNSNews.com) - There were 195,000 fewer people employed in the United States in July than in June, according to the Bureau of Labor Statistics, as the national unemployment rate ticked up from 8.2 percent to 8.3 percent.

Meanwhile, 150,000 people simply dropped out of the labor force during the month and did not seek to find a job.
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