๐Ÿ“‰ U.S. Unemployment Rate

Forecast:

~4.4%

Actual:

4.6% (higher than expected)

What it means:

More people are unemployed than expected. The labor market is starting to cool.

Crypto market impact:

Bearish for USD. Bullish for crypto

Why:

Higher unemployment reduces pressure on the Fed โ†’ rate cuts become more likely.

๐Ÿ‘‰ Unemployment data = bullish for crypto

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