Pimco’s Gross on November Jobs Data, Fed

Bill Gross, co-chief investment officer at Pacific Investment Management Co., discusses the U.S. November jobs report and the outlook for Federal Reserve policy. The jobless rate dropped to 8.6 percent, the lowest since March 2009, from 9 percent, Labor Department figures showed. Payrolls climbed 120,000. Gross speaks with Tom Keene and Ken Prewitt on Bloomberg Radio’s “Surveillance.” (Source: Bloomberg)

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