Re: Re: Re: Re: Full employment II ("today'sperverse world")

[Doug Henwood]

Joel Blau wrote:

>The collective animal "Wall Street" may not be quite so fixated on the
>unemployment rate per se, but wouldn't you agree that broadly speaking, it and
>the other indicators you cite tend to move together as a cluster?

Wall Street does care about the U rate. They love labor market slack, 
as does Greenspan. Central bankers have a very Kaleckian 
understanding of the labor market.

Doug