U.S. Marks Down Payroll Gains by 911K in Largest Benchmark Revision Ever
Bitcoin fell and gold pulled back from a record high after the news hit.
Employment
U.S. Added Just 12K Jobs in October, Far Short of 113K Expected
The October employment numbers are among the last pieces of economic data the Fed will see prior to its policy setting meeting next week.
U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%
The U.S. jobs report for September was released Friday morning (Unsplash)
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
The U.S. released August jobs numbers Friday morning (Ernie Journeys/Unsplash)
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.
U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%
The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy.
U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K
The government’s jobs report for April was released Friday morning (Unsplash)
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates.
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.