USA Nonfarm Productivity For Q3 (QoQ) 4.7% Vs 4.1% Est.; 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Nonfarm Productivity for Q3 has increased by 4.7%, surpassing the estimated 4.1% and the prior 3.6%.
November 02, 2023 | 12:31 pm
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POSITIVE IMPACT
The increase in USA Nonfarm Productivity for Q3 may have a positive impact on SPY as it indicates a healthy economy.
Nonfarm Productivity is a key economic indicator that measures the output per hour of all persons except farm workers. A higher than expected figure is generally seen as positive for the economy, which can lead to a positive impact on broad market ETFs like SPY.
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IMPORTANCE 70
RELEVANCE 75