Crypto market pumps as U.S. employment data comes out a bit better than expected 👇
Nonfarm payrolls increased by 142,000 jobs last month after a downwardly revised 89,000 rise in July. Average hourly earnings came out at +0.4% (estimated 0.3%).
Interestingly, there is a huge disparity in the job market when it comes to who gets and loses their jobs, which makes you wonder what kind of jobs these statistics are talking about 🤔
Markets expectations for an upsized 50 basis point cut at the Federal Reserve's mid-September meeting increased after the data 📊