Employment data in the USA exceeded expectations: Mobility in the markets

Non-weighing employment figures for August in the USA have been announced. The fact that the participation rate in employment, which was expected to be 56 thousand, was 162 thousand surprised the markets. As you may remember, the expected number of participants in July was 55 thousand and 23 thousand exits. This was a sign that the job market was cooling down. However, this time the opposite is the case... It seems that the labor market has warmed up considerably instead of cooling down. Along with employment, the unemployment rate was also announced. The expected rate of 4.1% was announced in the same way.

Bitcoin is below 80 thousand…

Bitcoin, which was above 80 or even 81 thousand dollars for most of the day, retreated to 79 thousand 600 dollars after the employment figures were announced.

On Friday next week, inflation figures for August will be announced. In July, the annual increase in headline inflation was announced as 3.4% and the annual increase in core inflation was announced as 2.5%.

Christopher Waller, one of the Fed governors, said in his statement yesterday, "If inflation continues to decline, it would be more reasonable to leave interest rates constant, but if there is an upward trend, we may consider increasing interest rates."

On the other hand, the markets' expectation of a 25 basis point interest rate increase from the Fed increased to 59% after the data was announced.