Despite predictions of 160,000, the actual rise in nonfarm payroll employment in December was 256,000.
The US 10-year and 30-year bond rates reached their highest levels since November 2023.
The most recent figures for nonfarm payrolls reveal that the US employment rate surged in December. At the same time, the unemployment rate was lower than anticipated. Bitcoin and the cryptocurrency market as a whole may be greatly affected by these macroeconomic statistics.
Despite predictions of 160,000, the actual rise in nonfarm payroll employment in December was 256,000, according to figures from the Labor Department. The US employment statistics are looking good again, with a rise to 227,000 in November.
All Eyes on Fed
Unemployment fell to 4.1% in December, below expectations of 4.2% in November. Traders are already placing bets against the Federal Reserve cutting interest rates in the first half of the year, after the publication of this nonfarm payrolls data.
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