The Jobs Report Blows Away Forecasts
ADC Therapeutics(ADCT) InvestorPlace·2024-02-03 10:26
January’s payrolls report shows 353,000 jobs … wage growth accelerates … the biotech sector is on fire … will you play it for short- or long-term gains? … how Luke Lango and Eric Fry view itNo recession in sight.That’s the takeaway from this morning’s nonfarm payrolls report.It showed the U.S. economy added 353,000 jobs in January, destroying the Dow Jones estimate for 185,000.Similarly, the increase in average hourly earnings towered above estimates. It came in at 0.6% on the month, double what economists ...