Fed Should Cut 50 Bps Amid 'Soft' Jobs Data, Rieder Says
Bloomberg Televisionยท2025-09-05 14:42
Just your initial reaction to the data just under an hour ago. Yeah, I mean, listen, it's a pretty remarkable. I mean, you know, I always focus on the industry data to try and get a sense for what is the fabric of what's happening here.So if you look at the numbers, we got 22,000. But, you know, we talk about in the show all the time, 46,000 was in health care, not cyclical. You have a dynamic where if you strip out health care, you're running negative.What does that -24,000 jobs if you take the three month ...