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Reports on the performance of the U.S. labor market in July 2004.

The article reports on lower growth in the number of people working which will mean slower growth in economic output in the U.S. Topics discussed include the effect of the baby boom generation hitting retirement age, many younger workers moving to urban centers on the coasts and proportion of U.S. counties that experienced a decline in the number of residents ages 25 to 54 between 2007 and 2017.

Reports that more executives are saying they are finally ready to start hiring new workers; Results of a survey which says more than half the executives see a staff increase over the next 6 months while 22 percent of those polled said they would be reducing their staff; Results of a separate survey of midlevel managers which suggests that employment has grown slowly in recent weeks. Positive economic reports which lifted the dollar's value against the euro; Labor market figures which are expected to be better than last month; Growth forecasts for the rest of the year.