U.K. Employment Change 3M/3M (MoM) For August -82K Vs. -198K Est.; -207K Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. employment change for August was -82K, better than the estimated -198K and the prior figure of -207K.
October 24, 2023 | 6:05 am
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POSITIVE IMPACT
The better-than-expected U.K. employment change for August may have a positive impact on the iShares MSCI United Kingdom ETF (EWU).
The U.K. employment change is a key economic indicator that can influence the performance of U.K.-related ETFs like EWU. The better-than-expected figure suggests an improving U.K. labor market, which could boost investor sentiment towards U.K.-related assets and potentially lead to an increase in the price of EWU in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80