USA JOLTs Job Openings For May 9.824M Vs 9.935M Est.; 10.103M Prior
Portfolio Pulse from Happy Mohamed
The USA JOLTs job openings for May came in at 9.824 million, lower than the estimated 9.935 million and the prior figure of 10.103 million.
July 06, 2023 | 2:01 pm
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NEGATIVE IMPACT
The lower than expected job openings could potentially impact the SPY ETF, as it reflects the overall health of the US economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market and economy. Lower than expected job openings could indicate a slowing economy, which could negatively impact the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75