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U.S. unemployment rate comes in at 3.7%, Bitcoin holds $27K
U.S. unemployment rate was forecasted to come in at 3.5% but came in 3.7%
1 min read
Updated: Jun. 2, 2023 at 2:41 pm UTC
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.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
