Average Hourly Earnings YoY 4.3% Vs 4.3% Expected
Portfolio Pulse from Benzinga Newsdesk
The average hourly earnings YoY growth rate remains at 4.3%, in line with expectations.
June 02, 2023 | 12:33 pm
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NEUTRAL IMPACT
The average hourly earnings YoY growth rate of 4.3% matches expectations, indicating a stable economy.
The average hourly earnings growth rate is an important economic indicator. Since it meets expectations, it suggests a stable economy, which should have a neutral impact on the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50