Surveillance: US adds 187,000 jobs

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 1 September 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Julie Su, US Acting Labor Secretary gives the Biden Administrations reaction to the August payrolls report. Following the jobs report, Randall Kroszner, Fmr. Fed Governor & University of Chicago Booth School Professor says we're seeing the kind of goldilocks scenario the Fed wants. Jeff Rosenberg, Blackrock Portfolio Manager of The Systematic Multi-Strategy Fund says the main message from the August jobs report is that the labor market is normalizing. Sarah Hunt, Alpine Saxon Woods Chief Market Strategist says the August jobs data was what the Fed was looking for.

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0:00.0	Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic
0:05.9	headwinds? Will the tense geopolitical climate ease or escalate? This is the Outthinking
0:11.4	Investor. Join us as we re-examine the past, present-day opportunities and future possibilities
0:18.3	in global capital markets. The Outthinking Investor, an award-winning
0:23.2	podcast from PGIM. This podcast is intended solely for professional
0:27.1	investor use. Past performance is not a guarantee of future results.
0:30.5	The world needs solutions. On October 24th at the London edition of the Bloomberg
0:34.5	Technology Summit, join leaders, innovators and entrepreneurs to discuss
0:38.2	technologies that are poised to solve our most pressing global challenges. From
0:43.2	reducing CO2 emissions and making cities more livable, to affordable health
0:47.2	care and combating food insecurity. Executives from Deliveroo, Zeeman's
0:51.8	Graphical Remore will examine where tech innovation can take us. Learn more at
0:56.4	BloombergLive.com slash tech summit 2023.
1:26.4	Come to the Bloomberg Terminal and the Bloomberg Business App.
1:30.4	They now Alex Steel. Joining us now from Washington DC is Julie
1:34.5	Sue, acting US Secretary of Labor. Secretary, pleasure to speak with you. Thank you for joining.
1:40.7	The market sees this as a good report. Good news is good news for the market. How long can
1:47.0	this good news continue from where you sit? Right, that's right. That's the right
1:51.6	characterization of this, right? This is exactly what you'd want to see if you're
1:55.3	looking for a soft landing. This is the, if you average the last three months,
2:00.4	it's about 150,000 jobs each month being created. This is the transition from
2:06.6	the breakneck speed of the fast recovery we saw initially when President
	...

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