Surveillance: Below-Forecast US Jobs Data
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 7 July 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
Julie Su, Acting US Secretary of Labor, discusses the US June payrolls report coming in below estimates. Randall Kroszner, University of Chicago Booth School Professor of Economics & Fmr. Fed Governor, says "wage growth is still stronger than the Fed will feel comfortable with." Lindsey Piegza, Stifel Chief Economist, says the jobs report "keeps the Fed on the path for an addition rate increase later this month." Christian Horner, Red Bull Racing Team Principal, says Max Verstappen "continues to surprise us" and there's "more to come."
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Transcript
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| 0:30.0 | This is Karen Moscow. |
| 0:32.0 | And I'm Nathan Hager, here to tell you about another podcast. |
| 0:35.0 | You should be listening to Bloomberg Daybreak US Edition. |
| 0:38.0 | Every weekday morning we bring you all the news you need to start your day in just 15 minutes. |
| 0:43.0 | Join us as we run down the top business and global headlines of the morning |
| 0:47.0 | with the reach of over 2700 journalists and analysts in more than 120 countries. |
| 0:52.0 | Subscribe to Bloomberg Daybreak US Edition today on Apple, Spotify, Bloomberg.com or wherever you get your podcast. |
| 1:22.0 | And anywhere you get your podcast and always on Bloomberg.com, the Bloomberg Terminal and the Bloomberg Business app. |
| 1:30.0 | Joining us now from Washington is Julie Sue, |
| 1:33.0 | the acting US Secretary of Labor responding to the Labor market report |
| 1:36.0 | from about an hour and 15 minutes ago. |
| 1:38.0 | Secretary Sue, fantastic to catch up with you. |
| 1:40.0 | Just your first reaction to the payroll report from earlier this morning |
... |
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