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. The U.S. economy continues to show little sign of slowing down, with the government Friday morning reporting 275,000 jobs as having been added in February versus expectations for 200,000. January’s originally reported blowout job growth of 353,000 was revised lower to a still respectable 229,000. Even with the previous months’ downward revisions (December was revised lower as well), the three-month average job gain was a robust 244,000 and the six-month average was 228,000, noted economist Joe Brusuelas. The unemployment rate for February did miss expectations, though, rising to 3.9% versus an anticipated 3.7% and January’s 3.7%. Bitco