The New York Times Job Market Confidence Index dropped 4.9 points to 87.2 in July from 92.1 in June. The Confidence Index measures the perceptions of employers and job seekers of the job market in the
greater New York metropolitan area. July's Current Conditions measure of the Index, which looks at respondents' perceptions of the current state of the job market, dropped to 90.5 in July from 107.4
in June. The Expectations measure of the Index, which considers respondents' expectations concerning the future of the job market in six months, dropped to 89.4 in July from 90.3 in June. For these
results, February 2002 served as the base month, with values equal to 100.0.