USA JOLTS Job Openings For September 7.443M Vs 7.980M Est.; 7.861M Prior
Portfolio Pulse from Benzinga Newsdesk
The USA JOLTS Job Openings for September reported 7.443 million openings, which is below the estimated 7.980 million and the prior 7.861 million. This indicates a potential cooling in the labor market.
October 29, 2024 | 2:00 pm
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The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the lower-than-expected JOLTS Job Openings report, which suggests a cooling labor market.
The JOLTS report is a key economic indicator that can influence market sentiment. A lower-than-expected number of job openings may lead to concerns about economic growth, potentially impacting SPY negatively in the short term.
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