USA Nonfarm Payrolls For September 336K Vs 170K Est.; 227K Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Nonfarm Payrolls for September came in at 336K, significantly higher than the estimated 170K and the prior figure of 227K.
October 06, 2023 | 12:30 pm
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POSITIVE IMPACT
The higher than expected Nonfarm Payrolls could lead to a positive sentiment for the overall market, potentially benefiting SPY.
Nonfarm Payrolls is a significant economic indicator that reflects the health of the job market. A higher than expected figure indicates a strong job market, which could lead to positive sentiment in the stock market. As SPY is a broad market ETF, it could benefit from this positive sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75