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U.S. job growth blows past forecasts, setting stage for Fed rate hikes
Key takeaways
- The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics.
- Bitcoin BTC$62,300.09 remained under pressure following the report, trading below $62,000 as the broader crypto market nursed steep overnight declines.
- The 10-year Treasury yield jumped to 4.52% following the report.
The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics.
Bitcoin BTC$62,300.09 remained under pressure following the report, trading below $62,000 as the broader crypto market nursed steep overnight declines.
The 10-year Treasury yield jumped to 4.52% following the report. U.S. equity index futures were also lower, the Nasdaq 100 index down 1.2%. Oil prices edged modestly lower at $94 per barrel, while gold slid 1.1% to around $4,400 per ounce.
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