Following the release of the report, the S&P 500 dropped by around 0.15%. After a volatile 24 hours, Bitcoin surpassed $29,200 on Coinbase.
The unemployment rate in the United States fell to 3.5% in July, while nonfarm payrolls increased by 187,000, indicating a slowing in the labor market.
Bitcoin Trading
The July jobs and unemployment report indicates that the labor market has begun to cool, in line with the Federal Reserve’s efforts to keep inflation under control.
Earlier Dow Jones forecasts predicted a 200,000 increase in nonfarm payrolls, following a 209,000 increase in June. They fell short of expectations, with a total of 187,000.
The unemployment rate was expected to remain unchanged at 3.6%. It met expectations, settling at 3.5% in July with little change.
Since March 2022, the unemployment rate has ranged from 3.4 percent to 3.7 percent, according to the Bureau of Labor Statistics.
The unemployment rate in the United States fell to 3.5% in July, while nonfarm payrolls increased by 187,000, indicating a slowing in the labor market.
The July jobs and unemployment report indicates that the labor market has begun to cool, in line with the Federal Reserve’s efforts to keep inflation under control.
Earlier Dow Jones forecasts predicted a 200,000 increase in nonfarm payrolls, following a 209,000 increase in June. They fell short of expectations, with a total of 187,000.
The unemployment rate was expected to remain unchanged at 3.6%. It met expectations, settling at 3.5% in July with little change. Since March 2022, the unemployment rate has ranged from 3.4 percent to 3.7 percent, according to the Bureau of Labor Statistics.
To raed our blog on “Conic Finance suffer $3.2M loss due to reentry attack on ETH,” click here
