Unemployment a Leading Indicator for Pimcos New Normal: Video

336 views · Published 5 October 2009 · 1:24 · Indexed 20 September 2026

Channel: Bloomberg Originals · 2009 · News & Politics

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Oct. 5 (Bloomberg) -- Mohamed El-Erian says economists are wrong to dismiss unemployment as merely a lagging indicator, a sign of where the economy has been. For the chief executive officer of Pacific Investment Management Co., the 26-year high jobless rate is also an omen of things to come. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

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