Mohamed El-Erian : It is Grim and Scary Betty , if you look at few months average we are now down to 35 000 that is too low , it is too low for job creation it is too low for regaining confidence , and it is not just the levels that worry us here at PIMCO it is the composition of the unemployment and it is the duration of the unemployment so which ever way you look at it , level composition or duration this is a worrisome report and hopefully it will ring alarm bells in Washington ....
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