Reuters: Pimco says jobs point to dismal Q4

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Pimco says jobs point to dismal Q4
      

NEW YORK (Reuters) - Mohamed El-Erian, the chief executive of bond giant Pacific Investment Management Co., or Pimco, said the 533,000 drop in U.S. non-farm payrolls in November points to a contraction of gross domestic product of 4 or 5 percent in the fourth quarter.<div class="feedflare">
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