Emre Yumlu 
The highly anticipated US Non-Farm Payrolls and Unemployment Rate data have been released. These economic indicators, closely watched by the markets, provide important clues about the direction of the labor market for July.
US Non-Farm Payrolls Fall Below Expectations at 73K
The US Non-Farm Payrolls data came in at 73,000. This figure is well below the market expectation of 106,000. Last month’s figure was recorded at 147,000. Signs of a slowdown in the labor market have become more evident with this data.
Unemployment Rate Remained Stable
The US Unemployment Rate was announced at 4.2%, in line with expectations. Having been at 4.1% in the previous month, the unemployment rate showed a slight increase to 4.2% this month. This rate may align with the Federal Reserve’s expectation of a cooling labor market.
How Will Markets React?
The weaker-than-expected employment data could increase pressure on the Fed’s interest rate policy. Risk assets such as Bitcoin, altcoins, and the general crypto market may be affected by such economic indicators. If the Fed adopts a more cautious stance and moves toward potential rate cuts, long-biased movements could be seen in the markets.
This content is not intended as investment advice. Markets carry high risks, and it is important to conduct your own research before making any investment decisions.
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