$BTC $EOS $BNB
In an unexpected move that shook expectations, data revealed#وزارة_العمل_الأمريكية that the economy added 177,000 new jobs in April! A number that far exceeds expectations, which hovered around only 130,000 jobs, raising questions about the resilience and strength of the economy in the face of headwinds.
But the mystery deepens as the non-farm payrolls report also revealed that #معدل_البطالة remained stable at 4.2%, its highest level in 17 months. Is this stability or the beginning of a hidden slowdown?
In his pocket, the American worker carries a modest wage increase, with average wages rising by 0.3% monthly and 3.8% annually. A balanced growth that doesn't scream inflation, but adds another layer to the complex picture.
Where are these new jobs concentrated? Salaries flowed abundantly into the healthcare and transportation sectors, while the manufacturing sector settled for crumbs of jobs, and the government sector saw a slight reduction.
But beware, the picture is not entirely rosy! Revisions to previous months' data lowered net jobs in the first quarter by 32,000 jobs, which brought the average monthly increase over the last three months down to 152,000 jobs. As if the economy is whispering that it was not as strong as it seemed before.
And how did the markets receive this conflicting news? #Bitcoin, this wild horse of total liquidity, shot up like an arrow approaching $97,000 as soon as the data was released, as if it smelled liquidity in the air! Before retreating slightly, feeling the new path.
Bitcoin was not alone in this financial dance. Futures for the S&P 500 index rose modestly, while bond yields increased in pre-opening trading, in a tug-of-war between the ongoing strength of the economy and the bigger puzzle: what will the Federal Reserve do.
Although expectations for interest rate cuts remain for the second half of the year, this employment data, stronger than expected, may put a new knot in the way of those drawn plans.
In short, April's data does not sound the alarm for recession, nor does it give the green light for an immediate rate cut. Instead, it paints a picture of a stubborn and strong labor market, slowing modestly but refusing to fully give in.
But what about the continued upward momentum in Bitcoin following this data? It may be a subtle new signal. Has Bitcoin truly become a sensitive barometer for the ebb and flow of total liquidity in the global economy?
