Re: Re: Full employment II (today's perverse world)

2000-06-02 Thread Jim Devine
The U.S. Labour Department reported that the May unemployment rate climbed to 4.1 percent from its 30-year low of 3.9 percent. Joel wrote: It's my understanding that the rate would have gone even higher without the hiring of 200,000+ census workers. Since these jobs are temporary, Wall

Re: Re: Re: Full employment II (today's perverse world)

2000-06-02 Thread Joel Blau
Jim: 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? Joel Blau Jim Devine wrote: I don't think their speculations revolve

Re: Re: Re: Re: Full employment II (today's perverse world)

2000-06-02 Thread Jim Devine
At 12:51 PM 6/2/00 -0400, you wrote: Jim: 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? right, but the WS herd has a tendency