USA Unemployment Rate For June 3.6% Vs 3.6% Est.; 3.7% Prior
Portfolio Pulse from Happy Mohamed
The USA unemployment rate for June remained steady at 3.6%, in line with estimates and slightly lower than the previous month's 3.7%.
July 07, 2023 | 12:30 pm
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NEUTRAL IMPACT
The steady unemployment rate may have a neutral impact on SPY as it indicates a stable economy.
The unemployment rate is a key indicator of economic health. A steady rate indicates a stable economy, which may not significantly impact the SPY ETF, which tracks the S&P 500 and is a broad measure of the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50