Private Nonfarm Payrolls (Jul) 97K vs 148K Est.
Portfolio Pulse from Benzinga Newsdesk
Private nonfarm payrolls for July came in at 97K, significantly below the estimated 148K.
August 02, 2024 | 12:30 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the lower-than-expected private nonfarm payrolls for July, which came in at 97K versus the estimated 148K.
The significant miss in private nonfarm payrolls could lead to concerns about economic growth, potentially causing short-term volatility in the SPDR S&P 500 ETF (SPY).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80