Share this article
U.S. Added 187K Jobs in July, Missing Estimates for 200K, Bitcoin Slips to $29,100
The unemployment rate fell to 3.5% versus forecasts for 3.6%.
Updated Aug 4, 2023, 3:41 p.m. Published Aug 4, 2023, 12:37 p.m.
The U.S. added 187,000 jobs in July, according to the Bureau of Labor Statistics, missing forecasts for 200,000 jobs and up slightly from a revised 185,000 added in June. June's job gain was originally reported as 209,000.
The unemployment rate edged down to 3.5% in July from 3.6% in June. Economists had forecast a rate of 3.6% for July.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The price of bitcoin (BTC) slipped a few dollars to $29,100 in the minutes following the release of the July jobs report.
Friday morning's report could be among the first signs that the labor market is beginning to cool after nearly 18 months of an aggressive Federal Reserve rate hike cycle that's taken the fed-funds rate target from 0%-0.25% in March 2022 to its current 5.25%-5.50%. Prior to the report, the market had priced in a 20% chance of the Fed raising rates at its next policy meeting in mid-September. In the minutes following the news, that chance edged down to 17.5%.
Still, the headline miss seems unlikely to set off any panic alarms over the economy at the central bank. Alongside the slower-than-expected job growth, the unemployment rate ticked even lower. Also, average hourly earnings, which are being closely followed by the Fed, rose 4.4% from a year ago, versus forecasts for a 4.2% rise.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Lo que debes saber:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
