Jan. 6 (Bloomberg) -- John Herrmann, senior fixed-income strategist at State Street Global Markets LLC, discusses today's U.S. December jobs report and the outlook for private payrolls in 2012. U.S. employers added 200,000 jobs last month, more than forecast, while the unemployment rate unexpectedly fell to 8.5 percent.
Hermann expects 2,000,000 new jobs to be created for 22 which will hit about 60 per cent of the employment job losses prior to the recession.
Some economists have also stated a housing recovery is essential to the recovery of the US economy.
He speaks with Betty Liu and Michael McKee on Bloomberg Television's "In the Loop."
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