September Total Of Jobs Added Was Revised From 143,000 To 159,000
Portfolio Pulse from Benzinga Newsdesk
The number of jobs added in September was revised upwards from 143,000 to 159,000, indicating a stronger labor market than initially reported.
October 30, 2024 | 12:16 pm
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The upward revision in September's job numbers from 143,000 to 159,000 suggests a stronger labor market, which could positively impact the SPY ETF as it reflects the overall health of the US economy.
The SPY ETF, which tracks the S&P 500, is sensitive to economic indicators such as employment data. A stronger labor market can lead to increased consumer spending and economic growth, potentially boosting the stock market.
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