Post
🚨 BREAKING !!!
US APRIL JOBS REPORT: +115K NONFARM PAYROLLS, WELL BELOW EXPECTATIONS 📉🇺🇸
• Nonfarm Payrolls 📊: Rose by 115,000 (vs expected 65,000, previous 178,000).
• Unemployment Rate ⚠️: Held steady at 4.3% (as expected).
• Average Hourly Earnings 💰: +3.6% YoY (vs expected 3.8%).
• Market Reaction 🪙: Gold dipped then recovered, currently trading around $4,709 per ounce.
The April jobs data came in softer than expected, signaling a clear cooling in the US labor market. This is negative for the economy but positive for hopes of future Fed rate cuts.
$BTC $ETH $XAU
#NONFARMPAYROLLS #DailyOrbit #AprilNFPDropsTonight

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!