USA Nonfarm Payrolls For October 12K Vs 106K Est.; 223K Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Nonfarm Payrolls for October came in significantly lower at 12K compared to the estimated 106K and the previous month's 223K. This unexpected drop may influence market sentiment and economic outlook.
November 01, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to the significant miss in the USA Nonfarm Payrolls for October, which came in at 12K versus the 106K estimate. This could affect investor sentiment and market outlook.
The SPDR S&P 500 ETF (SPY) is likely to be impacted by the lower-than-expected Nonfarm Payrolls report, as it reflects broader economic conditions. A significant miss like this can lead to increased market volatility and affect investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80