BlackRock's Rick Rieder says the US economy remains resilient despite mixed signals from the February jobs report. The firm's CIO of global fixed income told Bloomberg that employment conditions and broader economic health are on different trajectories, suggesting the labor market's softness doesn't necessarily signal broader weakness.

Rieder's comments come as investors parse February's employment data for clues about Federal Reserve policy. The BlackRock executive maintains his forecast for 2.5% - 3% US economic growth in Q1, a projection that contrasts with some economists who have grown more cautious about 2025's growth trajectory.

Rieder's assessment carries weight given BlackRock's position as the world's largest asset manager. His view that the economy is 'doing fine' could influence investor sentiment heading into what many expect will be a volatile year for markets. The divergence between employment trends and overall economic health remains a key puzzle for policymakers and investors alike.