U.S. employers add more jobs than expected in August
According to the monthly employment report released by the Labor Department, U.S. employers added 187,000 jobs in August, surpassing economists’ estimate of 170,000. The unemployment rate remained steady at 3.7%. This stronger-than-expected jobs growth could impact the Federal Reserve’s decision on interest rates at its upcoming policy meeting.
Key points:
– The stronger jobs data may lead the Fed to continue raising interest rates to combat high inflation.
– Bitcoin’s price dipped below $26,000 in reaction to the jobs data.
– The Fed is closely monitoring employment and inflation to fulfill its dual mandate.
– Some economists argue that the central bank should see a clear slowdown before easing up on rate hikes.
– Maker, Wall Street Memes, Toncoin, Launchpad XYZ, and Tron are considered some of the best cryptos to buy now due to their strong fundamentals and optimistic technical analysis.
Hot Take:
Given the current economic situation and the positive indicators for these cryptocurrencies, it may be a good time for crypto readers to consider investing in Maker, Wall Street Memes, Toncoin, Launchpad XYZ, or Tron. These coins have shown potential for growth and have strong underlying factors supporting their performance. However, it’s important to closely monitor the market and consider factors such as resistance and support levels before making any investment decisions.
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