USA Participation Rate For May 62.6% Vs 62.5% Est.; 62.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The US participation rate for May was 62.6%, in line with the prior month and slightly higher than the estimated 62.5%.
June 02, 2023 | 12:33 pm
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NEUTRAL IMPACT
The US participation rate for May, at 62.6%, is slightly higher than the estimated 62.5%, which may have a neutral impact on the SPY ETF.
The US participation rate for May is slightly higher than the estimated 62.5%, indicating a stable labor market. This news is relevant to the SPY ETF as it tracks the performance of the US economy. However, the difference is minimal, and the impact on the ETF is expected to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50