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Happy_shanky
US JOBS DATA IS OUT — WHAT DOES IT MEAN FOR ETH?
At 20:30 Beijing time on October 2, the US September employment report was released:
• Non-farm payrolls: +29K
• Unemployment rate: 4.2%
• Private-sector average hourly earnings: +0.1% MoM / +3.0% YoY
• July & August payrolls revised lower by a combined 60K
The weak job growth could reduce some pressure on interest-rate expectations and potentially improve the liquidity backdrop for crypto.
But for $ETH, the key question remains.
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