BlackRock's Rick Rieder says July's 23,000 payroll decline reflects an AI-driven productivity revolution, not economic weakness, as unemployment

BlackRock CIO Rick Rieder calls the July jobs report unremarkable, citing a productivity revolution that sustains 6% nominal GDP growth despite

BlackRock's Rick Rieder calls July's 23,000 payroll decline part of an AI productivity revolution, maintaining the firm's 6% nominal GDP growth

BlackRock's Rick Rieder says July's 23,000 payroll decline reflects an AI-driven productivity revolution, not economic weakness, as unemployment