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Gross Says Jobs Gains Not Enough for Growth: Tom Keene

Pacific Investment Management Co.’s Bill Gross said job gains in September aren’t enough to sustain growth in the U.S. economy and that neither political party understands what’s needed to boost employment.

The economy needs 200,000 to 250,000 new jobs per month to expand, Gross, manager of the world’s biggest bond fund, said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. Global investors like Mitt Romney better than any other U.S. presidential candidate, while remaining cool to the Republican field in general, according to a Bloomberg poll.