More on the jobs report: Pimco's El-Erian isn't giddy about the data, pointing out (video) the...

|By:, SA News Editor

More on the jobs report: Pimco's El-Erian isn't giddy about the data, pointing out (video) the broader measure of unemployment (U-6) rose to 16.5% - marking the highest level of 2011. Co-manager Bill Gross sings the same tune, saying "this report screams decent, it doesn't scream pretty good." To see real expansion he thinks the economy needs to be adding jobs at a pace of 200K-250K per month.