USA Continuing Jobless Claims 1,792K Vs 1,790K Est.; 1,790K Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's continuing jobless claims have slightly increased to 1,792K, compared to the estimated 1,790K and the prior 1,790K.
June 06, 2024 | 12:32 pm
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The slight increase in continuing jobless claims to 1,792K, just above the estimate of 1,790K, may indicate a marginally weaker labor market, potentially affecting market sentiment.
The increase in jobless claims, although slight, may signal a weaker labor market, which can negatively impact investor sentiment and lead to short-term downward pressure on SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50