US ‘is witnessing one of the most fertile employment markets in a generation’: expert

“Today’s employment report continued to make one thing very clear — the U.S. economy is potentially witnessing the most fertile employment market in a generation,” said Rick Rieder, BlackRock’s chief investment officer of fixed income. “Indeed, the labor market recovery has overcome multiple variants of the pandemic, as well as supply chain shocks, which create higher input costs for companies, in turn pressuring profit margins. Still, corporations appear to be barely blinking at all of this and are moving right on ahead with bringing on more workers at ever-increasing cost.” Read more

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