Mohamed A. El-Erian , Columnist

What the Strong Obama Jobs Recovery Tells Us

The last eight years featured steep employment losses as well as huge gains.

January 4, 2017 at 7:00 AM UTC

Mohamed A. El-Erian is a Bloomberg Opinion columnist. A former chief executive officer of Pimco, he is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE; and chair of Gramercy Fund Management. He is author of “The Only Game in Town.”

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On Jan. 6, the Labor Department will release the final monthly employment report of what has been an historic eight-year run of jobs growth during the Barack Obama administration. This period confirmed some of our beliefs about the economy but also exposed the limitations of our understanding of a structurally changing employment situation.

QuickTake Monthly U.S. Jobs Report