Why did you come to ? hydroxyzine for horses Separately, however, some took solace in the larger than expected decline in the headline unemployment rate – from the household survey – to 7.4% in Jul. Â But the lower quality improvement in unemployment should raise some questions. Â Our calculations suggest that around 60% of the 0.2%-point drop in unemployment was due to lower labor force participation (a stable participation rate would have led to a 7.5% unemployment rate in Jul), and the remainder resulting from higher employment. Â But the gains in household employment in Jul probably emanated from the more fickle part-time category, which was almost twice as much as full-time hiring. Â And early hints from available labor market indicators, based on our estimates, imply that the unemployment rate could potentially tick back up in the near-term.