What August Labor Data Means for the S&P 500 in September

The August labor data generally supports a bullish outlook for the S&P 500 NYSEARCA: SPY in September. Although risks and uncertainty remain, the deterioration in labor markets isn’t as severe as many headlines suggest. The critical data points are the JOLTs and NFP job creation figures, which align with normalization following the COVID-19 pandemic rather than with a general market meltdown. Get SPDR S&P 500 ETF Trust alerts:The JOLTs figure, specifically, 7.2 million, is down an alarming 41% from the peak ...