Surveillance: US Payrolls Crush Estimates

Economics & Fmr. Fed Governor, says the Fed is not going to quit until the labor market quits. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says "the tightening is yet to show up" as the US unemployment rate falls to 3.4% in April. Tiffany Wilding, PIMCO Chief US Economist, discusses the payrolls report beating estimates. Chris Marinac, Janney Montgomery Scott Director of Research, says most regional banks "have much more stable deposit flows than anyone realizes." 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.