USA JOLTs Job Openings For July 8.827M Vs 9.465M Est.; 9.165M Prior
Portfolio Pulse from Happy Mohamed
The USA JOLTs job openings for July came in at 8.827 million, lower than the estimated 9.465 million and the prior figure of 9.165 million.
August 29, 2023 | 2:00 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 is a broad market index that reflects the overall health of the US economy. Lower than expected job openings indicate a potential slowdown in the economy, which could negatively impact the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75