US labor market data for May is due on Friday the 2nd of June. The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central bank. According to the media of a series of polls of economists, the labor market is seen adding 193,000 jobs in May, slightly slower than the 253,000 pace at which jobs were added in April. Meanwhile, the unemployment rate is seen ticking higher to 3.5% from historic lows of 3.4% and the MoM pace of earnings growth is seen moderating to 0.3% from 0.5%. Should the data come out as expected, then that will indicate that the US labor market continues to hum along nicely, pushing back against the idea
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