The unemployment rate was unchanged at 3.7%. Employers added 263,000 jobs in November, down from an upwardly revised 284,000 in October but topping expectations of 200,000 as the U.S. economy continues to show signs of strength. The unemployment rate remained at 3.7%, in line with expectations. Bitcoin (BTC) has slipped by about $200 on the news to $16,830. The monthly employment report has become key for traders as it influences the U.S. Federal Reserve’s monetary policy decisions, with higher interest rates this year among the factors behind the crypto bear market. Checking traditional markets, Nasdaq futures have tumbled nearly 2% following the strong data and the 10-year Treasury yield has jumped 9 basis points to 3.6%. In 2022 the Fed lifted its benchmark fed funds rate from nea
Leave a Reply