Rosenberg says April jobs data shows “squeeze” in wages

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David Rosenberg, chief economist at Gluskin Sheff & Associates, talks on Bloomberg Television about the April U.S. jobs report and the outlook for the economy. Payrolls increased by 244,000 workers last month – the biggest gain since May 2010 – but the unemployment rate edged up to 9.0% from 8.8%.

Source: Bloomberg, May 6, 2011.

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