Private Nonfarm Payrolls For Oct. Prior Revised From 223K To 192K
Portfolio Pulse from Benzinga Newsdesk
The private nonfarm payrolls for October have been revised down from 223,000 to 192,000, indicating a weaker job market than initially reported.
November 01, 2024 | 12:32 pm
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The revision of private nonfarm payrolls from 223K to 192K suggests a weaker job market, which could impact the SPY ETF as it reflects the overall market sentiment.
The SPY ETF, which tracks the S&P 500, could be affected by the revised payroll numbers as they indicate a weaker job market. This may lead to concerns about economic growth, potentially impacting stock prices negatively.
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