Part 3/13:
BlackRock emphasizes that despite upbeat reports about robust job creation and falling core inflation, the true health of the U.S. economy is more fragile. The first chart in their analysis illustrates that while employment has rebounded post-pandemic, it hasn't fully recovered to pre-pandemic levels. Using a comparison between actual employment growth and a hypothetical, pandemic-free scenario, the firm shows that our current economy is still lagging behind where it could have been otherwise.