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US Unemployment Rate Drops To 3.5%, BTC Falls Below $20K As U.S. Dollar Index Soars
Summary: The U.S. Labor Department's report on Friday showed that the unemployment rate fell to 3.5% in September, lower than the expected 3.7%. Nonfarm payrolls rose by 263,000 in September, beating Wall Street expectations of 255,000 and down from 315,000 the previous month. Average hourly earnings rose 0.3% and were up 5.0% from a year earlier, slightly ...
The U.S. Labor Department's report on Friday showed that the unemployment rate fell to 3.5% in September, lower than the expected 3.7%.
Nonfarm payrolls rose by 263,000 in September, beating Wall Street expectations of 255,000 and down from 315,000 the previous month.
Average hourly earnings rose 0.3% and were up 5.0% from a year earlier, slightly below expectations.
Overall data suggest that the U.S. job market remains strong.
U.S. Dollar Index ($DXY), which measures the value of the U.S. dollar against a basket of foreign currencies, surged above 112.8 immediately after the report. Bitcoin fell below $20,000, down about 3 percent over the past 24 hours to $19,449, according to Bitpush Terminal data.
By Mary Liu
Tags: Bitcoin,Dollar
Link: US Unemployment Rate Drops To 3.5%, BTC Falls Below $20K As U.S. Dollar Index Soars [Copy]
