Surveillance: Below-Forecast US Jobs Data

Julie Su, Acting US Secretary of Labor, discusses the US June payrolls report coming in below estimates. Randall Kroszner, University of Chicago Booth School Professor of Economics & Fmr. Fed Governor, says "wage growth is still stronger than the Fed will feel comfortable with." Lindsey Piegza, Stifel Chief Economist, says the jobs report "keeps the Fed on the path for an addition rate increase later this month." Christian Horner, Red Bull Racing Team Principal, says Max Verstappen "continues to surprise us" and there's "more to come." Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.