The U.S. Job Market Holds Steady, Fed May Postpone Rate Cut Until September
BlockBeats News, July 3rd, the US June job market showed strong performance, with non-farm payrolls increasing by 147,000, higher than the revised 144,000 in May; the unemployment rate unexpectedly dropped to 4.1%, lower than economists' previous expectation of a slight rise to 4.3%. The report indicates that the labor market remains stable, which may prompt the Federal Reserve to postpone the timing of restarting interest rate cuts until September. Despite job growth exceeding expectations, the pace is slowing down, mainly reflecting weak hiring activity. Layoffs remain quite low, as employers, during and after the COVID-19 pandemic, have been hoarding workers as they struggle to find labor. Several indicators, including initial jobless claims and continued jobless claims, show that after a strong performance that shielded the economy from a recession, the labor market is showing signs of fatigue. At that time, the Federal Reserve was significantly tightening monetary policy to combat high inflation. (Kryptonium)
You may also like

Morning Report | Tom Lee predicts that the cryptocurrency winter will end in April; xStocks introduces a new on-chain private equity fund; Sui mainnet upgraded to V1.68.1

Polymarket rules have changed, how should airdrop participants respond?

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $296 million; the net outflow of Ethereum spot ETFs in the U.S. was $206 million

This Week's Key News Preview | The U.S. Releases March Non-Farm Payroll Data; Polymarket Expands Fee Structure

Slow Down, That's the Answer to the Age of the Agent

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

