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The Daily Hodl
2024-08-03 18:45:08

Crypto and Stock Prices Tumble on Friday As New Labor Report Reveals a Rising Unemployment Rate in the US

Crypto and Stock Prices Tumble on Friday As New Labor Report Reveals a Rising Unemployment Rate in the US

Crypto assets and the stock market tumbled on Friday after the U.S. Bureau of Labor Statistics (BLS) published a report that painted a gloomy picture of the American job market. The BLS notes the US unemployment rate rose to 4.3% in July, its highest mark since October 2021. There were some employment gains in healthcare, The post Crypto and Stock Prices Tumble on Friday As New Labor Report Reveals a Rising Unemployment Rate in the US appeared first on The Daily Hodl .

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