Bloomberg Surveillance: Julie Su on Jobs Data
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 December 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Julie Su, US Acting Secretary of Labor, reacts to the better-than-expected November jobs report. Michael Darda, Roth MKM Chief Economist & Macro Strategist, says that the report should compel the Fed to hold off on cutting rates in early 2024. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the report suggests a very strong labor market supportive of services inflation. Jerome Schneider, PIMCO Managing Director, Short-Term Portfolio Management & Funding, gives his take on the jobs report.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
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| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan |
| 0:39.2 | Pharaoh and Lisa Abramowitz join us each day for insight from the best and economics |
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| 0:56.8 | the Bloomberg Terminal and the Bloomberg Business App. |
| 1:00.6 | Joining us now from Washington is Julie Sue, the Acting US Labour Secretary. |
| 1:04.8 | Acting Labour Secretary wonderful to catch up with you. |
| 1:07.1 | It always is. |
| 1:07.8 | I want to go back to 830, just briefly if we can. |
| 1:10.4 | I got a lot of feedback at 830 Eastern Time about not being able to access the |
| 1:15.4 | BLS website to get this information to get this data. I'm told that the |
| 1:20.2 | message they got on the screen was you were blocked from the BLS website. |
| 1:24.2 | What was going on at 830? |
| 1:25.8 | What was the difficulty? |
| 1:28.4 | I don't know what happened with the website. |
... |
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