There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market.
The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.8%.
However, the creation of new jobs is seen to drop by as much as 6.4%; with social assistance and healthcare having very low vacancies to date.
Labor demand is seen to capsize and has in fact nosedived to 1.9%.
On the other hand, the creation of new jobs in the US has been observed to spike last month by 209,000 as well as around 186,000 jobs created or a surge of 13%.
In addition, the annual pay for workers has also tipped by 7.8% for those who stayed at their present jobs, while the pay for those who change jobs increased immensely by 15.8%.
With these developments, the economy is showing no signs of slowing down contrary to what analysts say.
Rise In Unemployment: Does It Affect Bitcoin?
Despite the GDP being in the red...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...