Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, provided his reaction to the May US employment report during an appearance on "Bloomberg Open Interest" with Matt Miller on June 5th, 2026. Rieder described the report as "fascinating" due to several factors, highlighting a strong construction sector. This growth in construction, particularly in nonresidential projects, was attributed to the buildout of AI infrastructure, indicating significant capital expenditure flowing into this area.
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