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07 Jul 2023

U.S. Added 209K Jobs in June, Missing Expectations for 230K

U.S. Added 209K Jobs in June, Missing Expectations for 230KThe unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%. The U.S. added 209,000 jobs in June, slightly missing expectations for 230,000 and down from a downwardly revised 306,000 in May, according to the monthly employment report from the Bureau of Labor Statistics (BLS). May’s job gain was originally reported as 339,000. The unemployment rate dipped to 3.6% in June versus 3.7% in May and against expectations for 3.7%. The price of bitcoin (BTC) rose modestly to $30,250 in the immediate aftermath of the report’s release. The news comes about 24 hours after the ADP’s blowout jobs report for June — 497,000 jobs added versus 220,000 expected — sent interest rates sharply higher and bitcoin tumbling about $1,000, or more than 3%. Though only a small hea

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