US Payrolls Rise After October Drop

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 16 December 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney
Tuesday, December 16th, 2025

Featuring:
1) Jeffrey Cleveland, Director & Chief Economist at Payden & Rygel, joins us with his assessment of the November US jobs report and what it means for monetary policy going forward.2) Paul Quinsee, Global Head of Equities at JPMorgan Asset Management, discusses the shift toward value stocks as profits accelerate into 2026.3) Martha Gimbel, Executive Director of the Yale Budget Lab, explains why AI is not yet a major factor in US employment trends.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Bloomberg News story on the world's richest families for 2025, and New York Post reporting on how Hermès Birkin and Kelly handbags are so scarce that they're beating gold and the S&P 500.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Did you know that passive fixed income ETFs only capture about 50% of the U.S. public bond market?
0:06.2	But with J.P. Morgan Asset Management's active fixed income ETFs, we can help you capture 100% of the U.S. public bond market and explore twice as many opportunities.
0:16.1	Visit JPMorgan.com slash get active to learn more.
0:20.0	JPMorgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co
0:24.6	and its affiliates worldwide.
0:26.4	This communication is issued by JPMorgan Distribution Services Incorporated member of FINRA.
0:31.7	So what will Rachel Reeves' pivotal new budget mean for you?
0:36.2	Has an innovative think tank just come up with a solution for replacing stamp duty?
0:40.6	Hello, I'm Steph McGovern.
0:42.2	And I'm Robert Peston.
0:43.4	And we wanted to recommend you, our podcast The Rest is Money,
0:47.0	where we answer questions like these to try and make sense of the UK's economy.
0:51.5	Look, we get it. You're a discerning sort of person.
0:54.6	You're a Bloomberg listener, after all.
0:56.7	So we're not going to waste your time.
0:58.3	Here's why it's worth you searching for the rest is money in your podcast app or watching
1:02.8	us on YouTube.
1:03.7	Twice a week.
1:04.4	The rest is money tells you everything you need to know about the money matters affecting
1:09.2	all our lives.
1:10.4	Fiscal and monetary policy, housing, immigration, even the High Street.
1:15.5	Yeah, we do conversations for curious minds, no dry discussions here.
	...

Transcript will be available on the free plan in 22 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.