đ U.S. June Jobs Report Smashes Expectations: 147K Jobs Added, Unemployment Plunges to 4.1%
Wall Streetâs crystal ball was dead wrongâagain. The U.S. economy just flexed its muscles with a jaw-dropping 147,000 new jobs in June, sending the unemployment rate crashing to 4.1%. So much for that 'impending recession' narrative.
Main Street vs. The Fed: While economists were busy downgrading forecasts, American businesses went on a hiring spree. Guess Powellâs 'higher for longer' rate mantra isnât quite the job-killer they promised.
Crypto Angle: With traditional markets now pricing in softer Fed policy, Bitcoin whales are circling. Nothing like a little macroeconomic whiplash to remind everyone why decentralized assets existâespecially when the 'experts' canât even predict next monthâs payrolls.
The Punchline: Another month, another blown forecast. Maybe the real unemployment crisis is in economic research departments.