Employment Wages (QoQ) (Q2) +0.9%; Prior +1.1%
Portfolio Pulse from Benzinga Newsdesk
The Employment Wages for Q2 increased by 0.9%, which is a decrease from the prior quarter's 1.1% increase.
July 31, 2024 | 12:30 pm
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NEUTRAL IMPACT
The Employment Wages for Q2 increased by 0.9%, which is a decrease from the prior quarter's 1.1% increase. This could indicate a slowing wage growth, potentially impacting consumer spending and overall economic growth.
The SPY ETF, which tracks the S&P 500, could be impacted by the slower wage growth as it may signal a potential slowdown in consumer spending and economic growth. However, the impact is not expected to be significant in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50