U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

With ETF hopes shelved for what could me many more months, bitcoin bulls might be looking to a softening in the economy and thus lower interest rates as a possible catalyst. While this morning’s report provided some interest in the form of a rising unemployment rate and a downward revision to July’s job additions, bitcoin, so far, is showing no positive reaction.

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• Source: https://www.coindesk.com/markets/2023/09/01/us-august-job-adds-of-187k-vs-estimates-for-170k-unemployment-rate-rises-to-38/?utm_medium=referral&utm_source=rss&utm_campaign=headlines