๐ 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.
๐ Unemployment data = bullish for crypto
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