U.K. Unemployment Rate For July 4.3% Vs. 4.3% Vs. 4.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. unemployment rate for July remained steady at 4.3%, the same as the previous month, but slightly higher than the 4.2% prior to that.
September 12, 2023 | 6:01 am
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NEUTRAL IMPACT
The steady unemployment rate in the U.K. for July may have a neutral impact on the iShares MSCI United Kingdom ETF (EWU).
The unemployment rate is a key economic indicator that can influence the performance of country-specific ETFs like EWU. However, as the rate remained steady, it is unlikely to cause significant movement in the ETF's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75