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US economy unexpectedly loses 23,000 jobs in July
The US economy unexpectedly lost jobs in July, while the unemployment rate edged lower, according to data released Friday by the US Bureau of Labor Statistics, pointing to a slowdown in the labor market.
Nonfarm payrolls fell by a seasonally adjusted 23,000 during the month, following a downwardly revised decline of 20,000 jobs in June. The Dow Jones consensus had expected the economy to add 83,000 jobs in July.
Meanwhile, the unemployment rate declined to 4.1%, while the labor force participation rate fell again to 61.4%, its lowest level in more than five years.
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Bitcoin (BTC) remained resilient near $64,100 during Friday's trading, with buyers defending key support levels despite cautious sentiment across broader markets. US-listed spot Bitcoin exchange-traded funds recorded strong inflows through Thursday, signaling renewed institutional demand.
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