Pinebridge's Schomer Interview on Housing, Labor Markets

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Aug. 24 (Bloomberg) -- Markus Schomer, chief economist at Pinebridge Investments, talks about the outlook for the U.S. housing market and the rise in initial jobless claims last week. Purchases of existing houses climbed to a 4.13 million annual pace, in line with the median forecast of economists surveyed by Bloomberg News and second only to July’s 3.84 million rate as the weakest in a decade’s worth of data, the National Association of Realtors said today in Washington. Pinebridge speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg)

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