๐๐จ๐ฎ๐ฅ๐ ๐ฐ๐๐๐ค๐๐ซ ๐.๐. ๐ฃ๐จ๐๐ฌ ๐๐๐ญ๐ ๐๐ก๐๐ง๐ ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฆ๐จ๐จ๐? ๐บ๐ธ๐
The July jobs report delivered a surprise, showing the U.S. labor market is losing momentum.
๐น Nonfarm payrolls: -23,000 jobs in July
๐น Forecast: +80,000 jobs
๐น Unemployment rate: 4.1%, down from 4.2%
๐น Labor force participation: 61.4%
๐น May & June jobs: Revised lower by 103,000 combined
๐น Wage growth: Slowed to around 3.2% YoY
For markets, weaker employment can mean less pressure on the Fed to keep rates higher. That could be supportive for risk assets like stocks and crypto if investors start pricing in a more dovish Fed.
But one report doesn't confirm a trend. ๐
What do you think โ bullish or bearish for BTC? ๐๐ป
#usjulyjobsunexpectedlyfall
The July jobs report delivered a surprise, showing the U.S. labor market is losing momentum.
๐น Nonfarm payrolls: -23,000 jobs in July
๐น Forecast: +80,000 jobs
๐น Unemployment rate: 4.1%, down from 4.2%
๐น Labor force participation: 61.4%
๐น May & June jobs: Revised lower by 103,000 combined
๐น Wage growth: Slowed to around 3.2% YoY
For markets, weaker employment can mean less pressure on the Fed to keep rates higher. That could be supportive for risk assets like stocks and crypto if investors start pricing in a more dovish Fed.
But one report doesn't confirm a trend. ๐
What do you think โ bullish or bearish for BTC? ๐๐ป
#usjulyjobsunexpectedlyfall