The U.S. economy added 172,000 jobs in May, exceeding Wall Street economists’ expectation of 80,000, while the unemployment rate held at 4.3%. According to NS3.AI, the Bureau of Labor Statistics also revised March and April payroll figures higher by a combined 93,000 positions.
The stronger labor report was seen as reducing the Federal Reserve’s incentive to cut interest rates. Bitcoin slid toward $60,000 by Friday following the data.
Fabian Dori said resilient payrolls take a June rate cut off the table.
Bitcoin Slips Toward $60,000 After May U.S. Jobs Beat Expectations
2026-06-06 15:45:54
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