U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
60-second summary
U.S. employment adds only 29,000 jobs in September, pushing the unemployment rate to 4.2%, and Bitcoin reacts by preserving earlier gains, climbing over 2% in the last 24 hours to sit just under $87,000; the modest payroll surprise fuels optimism that weaker labor data may sustain crypto’s rally, supporting broader market bullishness.
Bitcoin held earlier gains following the report, up more than 2% over the past 24 hours and just below $87,000.