US Continuing Jobless Claims 1.875M vs 1.87M Est.
Portfolio Pulse from Benzinga Newsdesk
The US Continuing Jobless Claims came in at 1.875 million, slightly above the estimated 1.87 million. This indicates a marginally higher number of people continuing to claim unemployment benefits than expected.
August 08, 2024 | 12:30 pm
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The US Continuing Jobless Claims came in at 1.875 million, slightly above the estimated 1.87 million. This could indicate a marginally weaker labor market, potentially impacting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be impacted by the slightly higher-than-expected jobless claims, as it may signal a marginally weaker labor market. This could lead to short-term bearish sentiment in the market.
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