Initial Jobless Claims Prior Revised To 240K
Portfolio Pulse from Benzinga Newsdesk
The initial jobless claims have been revised to 240K, with the prior also revised to 240K.
August 24, 2023 | 12:32 pm
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NEUTRAL IMPACT
The revision of jobless claims to 240K may impact the SPY ETF, as it reflects the overall health of the economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US economy. Therefore, changes in jobless claims, which reflect the health of the labor market, could potentially impact the ETF. However, the impact is not direct and depends on other economic factors as well.
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IMPORTANCE 60
RELEVANCE 50