BlackRock's Rieder: Jobs report 'proof' QE doesn't work

Fed won't see labor market as tight: Liesman

Friday's dismal labor report is proof that the Fed's aggressive bond-buying program has done little for jobs, BlackRock's chief investment officer of fixed income told CNBC's "Halftime Report" on Friday.

Job growth dropped sharply in December, with the U.S. economy adding just 74,000. It was a far cry from the roughly 197,000 investors were looking for, bringing an end to a string of better-than-expected monthly gains.

"Payrolls disappointed significantly today, and not only in absolute gains, but in the critical hourly earnings and average workweek components," said BlackRock's Rick Rieder, who oversees $640 billion in assets.