BlackRock’s Rick Rieder said hiring is stable but “broadly unimpressive” while assessing the June US jobs report. The tone suggests ongoing labor-market weakness relative to expectations, which can reinforce cautious views for credit conditions and interest-rate/yield direction.
BlackRock’s Rick Rieder said hiring is stable but “broadly unimpressive” while assessing the June US jobs report. The tone suggests ongoing labor-market weakness relative to expectations, which can reinforce cautious views for credit conditions and interest-rate/yield direction.
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mildly negative
Sentiment Score
-0.15
Ticker Sentiment
