🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 BREAKING: 🇺🇸 U.S. Job Report SHOCKS the World, DOUBLE Expectations 😳
#bitcoin Feels the Heat 🔥
Here's What You Need to Know NOW
👉Jobs Added in September: The U.S. added 336,000 jobs in September.
This was a significant positive surprise as the expectation was only 170,000 jobs.
Additionally, August's job numbers were revised upwards from 187,000 to 227,000.
👉Unemployment Rate: It remained unchanged at 3.8%.
There was an expectation that it would drop slightly to 3.7%, but that didn’t happen.
#bitcoin
👉's Movement: Following the job report, Bitcoin's price decreased by nearly 1%, dropping to $27,530. However, Bitcoin had been doing relatively well recently, moving from around $26,000 to $27,700 before the report.
👉Significance of the Data: The job numbers are closely watched, especially now, as government bond prices have been falling. The yield (interest rate) on the 10-year U.S. government bond has risen sharply recently, reaching as high as 4.80%.
👉Impact on Stock and Bond Markets: Over the past five weeks, the yield on the 10-year Treasury note increased sharply. It went from just above 4% to nearly 4.80%.
This rise affected the stock market negatively: both the Nasdaq and the S&P 500 saw a decline of roughly 6% since September 1. After the jobs report was released, the stock market and bond prices continued to decline.
👉Possibility of Interest Rate Hike: After the report, the probability of the U.S. Federal Reserve raising interest rates in their next meeting in November rose to 31%.
Before the jobs data, it was 24%.
👉 Average Hourly Earnings: They increased by 0.2% in September, which is less than the expected 0.3%.
However, it's consistent with August’s growth rate. Yearly, the earnings rose by 4.2%, slightly less than the expected 4.3%.
👉 Summary: The U.S. job market performed better than expected in September, but this positive news seems to have impacted the stock and bond markets negatively.
Additionally, #bitcoin
saw a minor dip after the report was released.
#bitcoin Feels the Heat 🔥
Here's What You Need to Know NOW
👉Jobs Added in September: The U.S. added 336,000 jobs in September.
This was a significant positive surprise as the expectation was only 170,000 jobs.
Additionally, August's job numbers were revised upwards from 187,000 to 227,000.
👉Unemployment Rate: It remained unchanged at 3.8%.
There was an expectation that it would drop slightly to 3.7%, but that didn’t happen.
#bitcoin
👉's Movement: Following the job report, Bitcoin's price decreased by nearly 1%, dropping to $27,530. However, Bitcoin had been doing relatively well recently, moving from around $26,000 to $27,700 before the report.
👉Significance of the Data: The job numbers are closely watched, especially now, as government bond prices have been falling. The yield (interest rate) on the 10-year U.S. government bond has risen sharply recently, reaching as high as 4.80%.
👉Impact on Stock and Bond Markets: Over the past five weeks, the yield on the 10-year Treasury note increased sharply. It went from just above 4% to nearly 4.80%.
This rise affected the stock market negatively: both the Nasdaq and the S&P 500 saw a decline of roughly 6% since September 1. After the jobs report was released, the stock market and bond prices continued to decline.
👉Possibility of Interest Rate Hike: After the report, the probability of the U.S. Federal Reserve raising interest rates in their next meeting in November rose to 31%.
Before the jobs data, it was 24%.
👉 Average Hourly Earnings: They increased by 0.2% in September, which is less than the expected 0.3%.
However, it's consistent with August’s growth rate. Yearly, the earnings rose by 4.2%, slightly less than the expected 4.3%.
👉 Summary: The U.S. job market performed better than expected in September, but this positive news seems to have impacted the stock and bond markets negatively.
Additionally, #bitcoin
saw a minor dip after the report was released.
