Treasury Secretary Yellen Says 'Unemployment Rate Starting With 'Four' Is A Very Strong Labor Market'
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen stated that an unemployment rate starting with 'four' indicates a very strong labor market. This comes as the US economy continues to recover from the pandemic.
June 07, 2023 | 12:07 pm
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POSITIVE IMPACT
Treasury Secretary Yellen's statement on a strong labor market with an unemployment rate starting with 'four' may positively impact the SPY ETF in the short term.
A strong labor market is an indicator of a healthy economy, which can lead to increased consumer spending and business growth. This can positively impact the stock market and the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50