Mauricio
@centinelalp
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US job growth slows in August, hints at recession 👀
The US August jobs report showed job growth slowed, with just 142,000 new non-farm jobs created, lower than the 160,000 expected.
👨🌾 The unemployment rate fell slightly to 4.2%, as expected, and was the lowest since June, marking an improvement after four straight months of increases.
However, the report also showed a downward revision to the number of jobs created in the previous two months, with a total of 86,000 fewer than initially reported.
🔥 These signs of decline have raised concerns about the risk of an economic recession, sending stocks tumbling, with the S&P 500 down nearly 5%.
✍️ The weak job market could prompt the Federal Reserve (FED) to consider cutting interest rates, creating a positive signal for the cryptocurrency market, especially Bitcoin. 0 reply
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US job growth slows in August, hints at recession 👀
The US August jobs report showed job growth slowed, with just 142,000 new non-farm jobs created, lower than the 160,000 expected.
👨🌾 The unemployment rate fell slightly to 4.2%, as expected, and was the lowest since June, marking an improvement after four straight months of increases.
However, the report also showed a downward revision to the number of jobs created in the previous two months, with a total of 86,000 fewer than initially reported.
🔥 These signs of decline have raised concerns about the risk of an economic recession, sending stocks tumbling, with the S&P 500 down nearly 5%.
✍️ The weak job market could prompt the Federal Reserve (FED) to consider cutting interest rates, creating a positive signal for the cryptocurrency market, especially Bitcoin. 0 reply
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