📰The U.S. labor market recorded a stronger-than-expected increase with 119,000 jobs in September, even as the unemployment rate unexpectedly rose to 4.4%, according to government data that had been delayed for a long time before being released on Thursday.
The report - initially scheduled for early October - was postponed for six weeks due to the federal government shutdown, leaving the markets without timely labor data during a volatile period.
⚜️Key takeaways⚜️
The U.S. added 119,000 jobs, surpassing economists' expectations of 50,000.
The unemployment rate rose to 4.4%, exceeding the predicted 4.3%.
The jobs report was delayed due to the shutdown as markets consider the waning possibility of Fed interest rate cuts.
Bitcoin maintains modest gains at around $91,900 after Nvidia reported strong earnings.
The next labor data update will not be released until mid-December.
BTCUSDT
Perp
87,823.6
+0.26%