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October 07, 2011 at 11:34 AM
Pacific Investment Management Co.’s Bill Gross said job gains in September weren’t enough to sustain growth in the U.S. economy. He also said it appeared neither political party understood what was needed to fix chronically high unemployment.
Gross (left), manager of the world’s biggest bond fund, told “Bloomberg Surveillance” with Tom Keene and Ken Prewitt that “the economy needs 200,000 to 250,000 new jobs per month to expand.”
Bloomberg also reported global investors like Mitt Romney better than any other U.S. presidential candidate, while remaining cool to the Republican field in general, according to a Bloomberg poll.
