BlackRock Inc. ’s Rick Rieder said last month’s surprise contraction in payrolls reflects a “productivity revolution” rather than economic weakness, arguing that the US economy remains on track for 6% nominal growth in gross domestic product even as hiring stalls.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-07/blackrock-s-rieder-sees-ai-helping-buoy-gdp-even-as-hiring-slows)