The jobs report came in much stronger than had been expected, with a seasonally adjusted 288,000 new jobs and upward revisions to job growth in both February and March, but as Allianz Chief Economic Advisor Mohamed El-Erian explains on Bloomberg Television's In The Loop, the country still hasn’t finished healing from the financial crisis.
Long-term unemployment under 3.5 million
Aside from the headline jobs numbers, El-Erian was impressed that the report contained good news for some of the country’s most vulnerable populations.
“If you look at long-term unemployment, that came down to under 3.5 million....
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