Employment Wages (QoQ) (Q3) 1.2%
Portfolio Pulse from Benzinga Newsdesk
The Employment Wages for Q3 have increased by 1.2% quarter over quarter.
October 31, 2023 | 12:30 pm
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POSITIVE IMPACT
The increase in employment wages may lead to increased consumer spending, potentially benefiting the broader market, as represented by SPY.
Higher employment wages can lead to increased consumer spending, which can stimulate economic growth. As SPY is a broad market ETF, it may benefit from this economic growth.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50