Rising inflation and unemployment rates are adding to fears of a potential economic collapse in 2023. Time to prepare for the mother of all crashes #inflation #unemployment #Binance

NEWS FLASH: US finds its #unemployment rate with an increase of 3.6%

Weak job growth and significant divergence in the service sector🧐

Friday markets saw a fittingly volatile close to a choppy week, starting with a 'mixed' payroll report, which saw a cycle-low miss of 187k to headline jobs growth, -50k revision lower in prior revisions, but offset against a lower unemployment rate (3.5%) and an upward surprise in wages growth. Underneath the headline, service sector hiring was strong in healthcare and education, but offset against slowdowns in leisure and hospitality.

#Jobs #market #unemployment #service #education

🔥 Entering 2023, many #economists believed the Fed's aggressive interest rate hikes would slow the labor market as companies looked to cut expenses and protect profits.

👉 But the #unemployment rate is nearly unchanged from where it sat when the Fed began one of the most aggressive federal interest rate hiking cycles in decades in March 2022. #EthereumVsSolana
$SOL $BTC #BTC #OP $XRP

NEWS UPDATE: US #unemployment rate sees an increase of 3.7% from the forcasted 3.5%.

BREAKING 📢

🇺🇲 US Unemployment Rate - 3.5%

Est.: 3.6%

Nonfarm Payrolls - 236,000

Est.: 230,000

#crypto2023 #BTC #ETH #unemployment