Continuing Jobless Claims 1.795M Vs 1.8M Expected; 1.794M Prior
Portfolio Pulse from Benzinga Newsdesk
Continuing jobless claims came in at 1.795 million, slightly below the expected 1.8 million and the prior figure of 1.794 million.
June 01, 2023 | 12:37 pm
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POSITIVE IMPACT
Continuing jobless claims were slightly lower than expected, which may have a positive impact on the overall market sentiment.
The continuing jobless claims figure came in marginally below expectations, indicating a slightly better labor market situation. This may lead to a positive sentiment in the market, which could benefit the SPY ETF as it tracks the overall market performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50