US unemployment rate rises to 4.1%, highest since November 2021 Quick Take
The US unemployment rate has edged up to 4.1%, slightly higher than the consensus of 4.0%. This marks the highest unemployment rate since November 2021, though the labor market remains tight by historical standards.
Nonfarm payrolls, however, showed a positive trend, increasing by 206,000, surpassing the expected 190,000. This mixed economic data has influenced financial markets. The DXY (US Dollar Index) has dipped below 105, reflecting a softer dollar. Meanwhile, the US 10-year Treasury note yield has decreased to 4.3%.
Bitcoin remains hovering around the $55,000 mark in the digital assets market.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.