Bitcoin holds ahead of Friday’s U.S. nonfarm payrolls
The post Bitcoin holds ahead of Friday’s U.S. nonfarm payrolls appeared on BitcoinEthereumNews.com.
Friday nonfarm payrolls preview: modest gains, unemployment rate likely stable The Bureau of Labor Statistics will release the February nonfarm payrolls report Friday at 8:30 a.m. ET. as reported by CNBC, economists expect about 50,000 jobs and a stable unemployment rate. Continuum Economics expects February nonfarm payrolls to rise by 35,000 overall and by 50,000 in the private sector, indicating a slower but still positive pace. The focus will be whether hiring modestly expands while the unemployment rate remains steady. Markets will watch for evidence that wage pressures are cooling alongside steady employment. That combination would be consistent with a gradual normalization in labor demand. Why this jobs report matters for Federal Reserve and Jerome Powell For the Federal Reserve and Chair Jerome Powell, the mix of job creation, wage growth, and hours informs the inflation path and the timing of any future policy adjustments. Small deviations around breakeven hiring can alter judgments about slack and the durability of disinflation. Analysts emphasize breakeven hiring and rising slack as gauges of whether labor demand is easing without tipping into contraction. “Slack Is Increasing in the Labor market,” wrote Morningstar Asset Class Research in a December 2025 report, noting job growth has trailed the pace needed to prevent gradual unemployment drift. BingX: a trusted exchange delivering real advantages for traders at every level. Watch the headline nonfarm payrolls change, the unemployment rate, and average hourly earnings. Average weekly hours help reveal labor-demand intensity. Labor-force participation frames slack. Revisions to prior months can meaningfully reset momentum. What could sway the print: revisions and sector mix Revisions to prior months and annual benchmark effects In a late-February speech, Federal Reserve Governor Chris Waller cautioned that once optimistic preliminary estimates are adjusted, payroll employment likely declined over 2025. That highlights how benchmark revisions can materially…
Filed under: News - @ March 5, 2026 11:25 pm