DoubleLine's Gundlach calls May employment report 'real body blow'

In a telephone interview, Gundlach also said the U.S. stock market was "incredibly resilient" after the employment report. "It is a terrible employment report and the unemployment rate fell because people gave up. Gundlach, who oversees $100 billion at Los Angeles-based DoubleLine, noted that job gains for April, first recorded at an already light 160,000, were revised down sharply to plus 123,000 jobs, which means "this puts incredible significance for next month's employment report after May's