š U.S. Jobs Market Roars: June Adds 147K Jobs, Unemployment Crashes to 4.1%āBeating All Forecasts
The U.S. labor market just flexed its musclesāhard. Juneās jobs report smashed expectations, adding 147,000 new positions while unemployment slid to 4.1%. Wall Streetās models? Officially obsolete.
Why This Matters: When payrolls outperform this dramatically, even the Fedās crystal ball needs recalibration. Traders are now scrambling to price in what āfull employmentā really looks like in 2025āhint: itās not what your econ textbook promised.
The Cynicās Corner: Meanwhile, hedge funds will spin this as āproofā the economy can handle more rate hikesāconveniently ignoring wage growth still trailing CEO bonuses. Classic.
Bottom line: The jobs engine isnāt just hummingāitās redlining. And for crypto? A strong labor market means more disposable income sloshing toward risk assets. Buckle up.