emploius

Report on US employment for July: a huge miss!

The US economy lost 23,000 jobs in July, against a consensus expecting +80,000 new hires. A staggering gap of around 100,000 positions!

Key figures:
🔻 Non-farm payrolls: -23,000 (first decline in months)
🔻 Revisions for previous months: -103,000 jobs in total
📉 Unemployment rate: down to 4.1% (vs. 4.2% expected), but for the wrong reasons: 264,000 people left the labor market
📉 Labor force participation rate: down to 61.4% (lowest level in 5 years)
📉 Average hourly wage: +0.1% month over month (vs. +0.3% expected)

What impact on crypto?

Markets now price in only a 44% probability of another Fed rate hike in September (down from 57% before the release). Weaker data = less pressure on the central bank = potentially favorable tailwind for risk assets like BTC.

For now, Bitcoin is holding steady around $65,000, with a limited reaction. But the macro context has clearly changed.

⚠️ Nuance: Some economists point to unusual seasonal adjustments (public education -50,000, and a drop in leisure). The real test will be next week’s CPI.

Stay sharp, stay informed.

#USJobsRepor #EmploiUS #BinanceSquareTalks #Fed #USJulyJobsUnexpectedlyFall

$BTC $NVDAB