4.6% Unemployment? The Fed’s in a Tizzy! 😱

When economists submitted their predictions of unemployment for the past two months, they expected bad news, and on Tuesday, jobs data published by the Bureau of Labor Statistics (BLS) lived up to the gloomy projections. November gained 64,000 jobs, significantly more than the 50,000 experts predicted, but October saw 105,000 job losses, and now, the unemployment rate has crept up to 4.6%, its highest level in four years. Stocks were in the red, but surprisingly, bitcoin, in another counterintuitive move, climbed 2.5% 🦄.







