Payrolls in U.S. Rise Less Than Forecast; Jobless 7.3% – Bloomberg 09-06-13

Salient to Investors:

Joshua Shapiro at Maria Fiorini Ramirez said today’s jobs numbers are soggy and at odds with other data that shows things are OK. Shapiro said recent reports show pockets of strength as well as pockets of weakness in the economy.

The participation rate decreased to 63.2 percent, the lowest since August 1978.

Charles Evans at FRB of Chicago said the Fed should not taper until inflation and economic growth pick up.

Bill Gross at Pimco said the Fed is committed to a taper and will taper lite.

Read the full article at  http://www.bloomberg.com/news/2013-09-06/payrolls-in-u-s-rose-less-than-forecast-jobless-rate-at-7-3-.html

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