The unemployment rate fell to 3.5% versus forecasts for 3.6%. The U.S. added 187,000 jobs in July, according to the Bureau of Labor Statistics, missing forecasts for 200,000 jobs and up slightly from a revised 185,000 added in June. June’s job gain was originally reported as 209,000. The unemployment rate edged down to 3.5% in July from 3.6% in June. Economists had forecast a rate of 3.6% for July. The price of bitcoin (BTC) slipped a few dollars to $29,100 in the minutes following the release of the July jobs report. Friday morning’s report could be among the first signs that the labor market is beginning to cool after nearly 18 months of an aggressive Federal Reserve rate hike cycle that’s taken the fed-funds rate target from 0%-0.25% in March 2022 to its current 5.25%-5.50%. Prior t
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