Insights

U.S. unemployment rate comes in at 3.7%, Bitcoin holds $27K

exchange681 week ago

0 0 1 minute read

Quick Take

The U.S. unemployment rate broke the expected 3.5%, coming in at 3.7%.
May nonfarm payrolls were projected at 190,000, but instead came in at +339,000.
The data above shows a robust and resilient job market.
Bitcoin traded at $27,000, slightly down by the spike in unemployment.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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