U.S. December Payrolls Surge to 256K: A Game-Changer for Markets! 🚀
The U.S. labor market has defied expectations with 256,000 non-farm payroll jobs added in December, crushing the forecast of 160,000. This marks the highest monthly gain since March 2024, showcasing a resilient economy.
Key Highlights:
📊 Actual: 256,000 jobs
📉 Expected: 160,000 jobs
🔄 Previous: Revised from 227,000 to 212,000
Market Impact:
Stocks Slide:
Dow Jones: Down 1.6%
S&P 500: Down 1.5%
Nasdaq: Down 1.6%
Bond Yields Rise: Reflecting adjustments in Fed rate expectations.
Bitcoin Levels:
💰 BTC is trading at $94,289, with key support at $90,680. Breaking below this level could lead to a drop toward $73,000.
This data puts pressure on the Fed's future rate decisions, with inflation concerns now back in focus. Meanwhile, the crypto market remains steady but cautious.
💡 How do you see these numbers impacting crypto? Share your thoughts!