6 Jun
by Vitaliy Dadalyan
The big risk with the latest jobs report is if it turns out to be a “head fake” says Mohamed El-Erian, chief economic advisor at Allianz. “That’s the nightmare scenario,” El-Erian told Yahoo Finance after the US unexpectedly added 2.5 million jobs last month states started re-opening their economies and easing COVID-19 shelter in place measures. “The big risk is…that this is a head fake, a major head fake that we are picking up the impact of both data distortions and policy distortions,” said El-Erian.
