Considering the labor participation rate has precipitously declined in the past three years, the jobs report is less rosy than you think. I think the unemployment rate will continue to decline as less people are in the workforce and a new barometer will be required to open eyes. Dont underestimate the investors who see this trend.
Luckily for us ARIA (and in fact other biotechs) is actually outside this scenario and will continue to rise as FDA approval looms.
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