Headline of the Day: U.S. Unemployment Rate

The unemployment rate has climbed to 4.6%, its highest level since November 2021, rising from 4.0% in February 2025. This deterioration in labor market conditions is a key reason the Federal Reserve is increasingly focused on stimulating domestic economic activity.

From a macro perspective, this backdrop is structurally bullish for scarce assets. If labor market weakness persists, policy support and liquidity expansion become more likely—a dynamic that historically favors assets such as Bitcoin (BTC).

Short-term outlook:

Expect continued uncertainty. As unemployment rises, recession concerns may intensify, contributing to elevated volatility across risk markets.

Key markets to monitor closely:

JPY/USD

Nasdaq

Gold

Government bond yields

These indicators will provide early signals on risk sentiment, liquidity conditions, and the potential timing of the next major market move.