Post ContentRead MoreCoinDesk
Employers added 263,000 jobs in November, down from an upwardly revised 284,000 in October but topping expectations of 200,000 as the U.S. economy continues to show signs of strength. The unemployment rate remained at 3.7%, inline with expectations.
Bitcoin (BTC) has slipped about $200 on the news to $16,830. The monthly employment report has become key for traders as it influences the U.S. Federal Reserve’s monetary policy decisions, with higher rates this year among the factors behind the crypto bear market.
“The labor market which is especially important for inflation … shows only tentative signs of rebalancing and wage growth remains well above levels that were consistent with 2% inflation over time,” Fed Chair Jay Powell said during an event at the Brookings Institution in Washington D.C. on Wednesday. “So despite some promising developments, we have a long way to go in restoring price stability.”
Read more about
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Miners must redirect their hashrate before the July 31 cutoff, as the pool will stop…
The Nasdaq-listed Korean media company once lined up $1 billion in financing to buy 10,000…
The bank said Strategy's bitcoin sales policy adds avoidable market uncertainty and should be replaced…
Bitcoin Magazine Metaplanet Adds 2,823 Bitcoin, Reaches 43,000 BTC and Becomes World’s Third-Largest Corporate Treasury…
Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with speculative tokens like Memecore’s…
Your day-ahead look for July 2, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]