Report | Earnings disappointment is the only real blemish on a strong job report
There were many positives to last week's employment situation release. Most notably, the strong headline payroll growth of 227,000 net new jobs in January—the strongest reading since September. The strong reading from the ADP Employment Report last Wednesday adjusted expectations to the upside and the numbers still exceeded expectations. For commercial real estate, there was a lot to like in this report.
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