Bonds opened up slightly and stocks down slightly on weaker than expected June Housing Starts which came in at an annualized pace of 549,000 vs expectations for a 575,000 pace.  Building Permits for June, however, increased to an annualized pace of 586,000 vs expectations for a 572,000 number.  In a separate Labor Department report, June unemployment rates decreased in 39 states and the District of Columbia.  Unemployment rates rose in 5 states and were unchanged in 6 states.  Texas's month over month increase in employment was 14,000.  California and New York were among the states posting job losses, with California losing 27,000 jobs in June and New York losing 22,500 jobs in June.   In terms of overall unemployment rate, Texas and New York both had an 8.2% unemployment rate in June.  California's unemployment rate in June was 12.3%.