U.K. Unemployment Rate For August 4.2% Vs. 4.3% Est.; 4.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. unemployment rate for August was reported at 4.2%, lower than the estimated 4.3% and the prior rate of 4.3%.
October 24, 2023 | 6:06 am
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POSITIVE IMPACT
The lower than expected unemployment rate in the U.K. for August may positively impact the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the U.K. equity market. A lower than expected unemployment rate indicates a healthier economy, which can lead to increased investor confidence and potentially a rise in the ETF's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80