USA JOLTs Job Openings For May 8.140M Vs 7.960M Est.; 7.919M Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
The USA JOLTs Job Openings for May reported 8.140 million openings, surpassing the estimated 7.960 million and the revised prior figure of 7.919 million.
July 02, 2024 | 2:00 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see positive movement as the higher-than-expected job openings indicate a strong labor market, which could boost investor confidence in the overall economy.
Higher-than-expected job openings suggest a robust labor market, which is generally positive for the economy. This could lead to increased investor confidence and a potential rise in SPY.
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IMPORTANCE 80
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