US ADP April Payrolls Change Revised From +192,000 To +188,000
Portfolio Pulse from Benzinga Newsdesk
The US ADP April payrolls change has been revised from an initial estimate of +192,000 to +188,000. This slight downward revision may indicate a marginally weaker labor market than previously thought.
June 05, 2024 | 12:16 pm
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The revision of the US ADP April payrolls change from +192,000 to +188,000 suggests a slightly weaker labor market, which could impact investor sentiment and the broader market performance.
The SPY ETF, which tracks the S&P 500, could see a slight negative impact due to the revision in payrolls data. A weaker labor market can lead to concerns about economic growth, affecting investor sentiment.
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