via CryptoSlate · By CryptoSlate Editorial
May jobs report explained: Why 172,000 jobs means higher rates, pricier loans, and a Bitcoin drop
BTC/USDT
$15,965,833,616.81
$63,999.00 / $61,589.00
Change: $2,410.00 (3.91%)
+0.0047%
Longs pay
The US economy added 172,000 jobs in May, more than double the 80,000 that Wall Street economists had expected, and the unemployment rate held at 4.3%.
The Bureau of Labor Statistics (BLS) also revised March and April higher by a combined 93,000 positions, which left the spring looking much stronger than anyone believed a month ago. For the people who landed those jobs, this counts as good news…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on Google