USA Continuing Jobless Claims 1,819K Vs 1,795K Prior
Portfolio Pulse from Benzinga Newsdesk
The latest report shows that the USA's continuing jobless claims have increased to 1,819K from the previous figure of 1,795K.
March 28, 2024 | 12:30 pm
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NEGATIVE IMPACT
The increase in continuing jobless claims may lead to concerns about the health of the labor market, potentially impacting investor sentiment towards the SPY ETF.
The SPY ETF, which tracks the S&P 500, is sensitive to economic indicators, including labor market health. An increase in jobless claims, even if slight, can be perceived as a negative signal about economic recovery and thus may lead to a short-term negative impact on SPY's price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75