Summary
- The U.S. nonfarm payrolls in December increased by 256,000, significantly exceeding market expectations.
- This employment increase is the highest since March 2024, analyzed as a positive signal for economic growth.
- After the employment data release, Bitcoin prices temporarily fell but later showed signs of recovery.
The U.S. nonfarm payrolls increased by 256,000 in December.
According to data released by the U.S. Department of Labor on the 9th (local time), the U.S. nonfarm payrolls in December increased by 256,000, surpassing the market expectation of 164,000. This is the highest since March 2024.
The unemployment rate recorded 4.1%, falling below the market expectation of 4.2%.
After the data release, Bitcoin fell by 1.64% on the 1-minute chart. Currently, as of 10:40 PM, Bitcoin is trading at $92,912 on the Binance USDT market, up 0.74% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit