Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?
    NewsCryptoMarket

    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?

    According to latest reports, 'Ripple and the U.S. Securities and Exchange Commission…

    By
    Jane Omada Apeh
    May 9, 2025
    Ethereum Breaks Out with 25% Rally — Here’s Why $2,500 Could Hit Sooner Than You Think
    NewsCryptoEthereumMarket
    Ethereum Breaks Out with 25% Rally Why $2,500 Could Hit Sooner
    May 9, 2025
    Bitcoin price hits 104K
    NewsCryptoMarket
    Bitcoin Smashes Through 104K Wipes Out 400M in Shorts and Signals New Bull Run
    May 9, 2025
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    NewsBlockchainCrypto
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    May 8, 2025
    Robert Kiyosaki Bitcoin
    NewsCryptoMarket
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    May 8, 2025
  • Cryptocurrency
    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?
    Is Ripple’s $50M Deal a Template for Future Crypto Settlements?
    7 Min Read
    Ethereum Breaks Out with 25% Rally — Here’s Why $2,500 Could Hit Sooner Than You Think
    Ethereum Breaks Out with 25% Rally Why $2,500 Could Hit Sooner
    7 Min Read
    Bitcoin price hits 104K
    Bitcoin Smashes Through 104K Wipes Out 400M in Shorts and Signals New Bull Run
    6 Min Read
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    7 Min Read
    Robert Kiyosaki Bitcoin
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    8 Min Read
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    13 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Three Critical U.S. Economic Data Points Released: What It Means for the Crypto Market
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Three Critical U.S. Economic Data Points Released: What It Means for the Crypto Market
News

Three Critical U.S. Economic Data Points Released: What It Means for the Crypto Market

non farm payroll data and its impact on the market. The image should feature economic elements such as a chart or graph s
Milena Volodina
Last updated: October 4, 2024 2:12 pm
By
Milena Volodina
Published October 4, 2024
3 Min Read
Share

As the crypto market continues to react to macroeconomic developments, the highly anticipated U.S. economic data for September has been released. The figures for average hourly earnings, non-farm payrolls, and the unemployment rate were eagerly awaited by global and crypto investors alike. The standout figure was the significant rise in non-farm payrolls, which surpassed expectations. These results indicate that the U.S. economy ended the third quarter on a strong note. The data could lead to a strengthening of the U.S. dollar and reshape market expectations.

Contents
Surprising Increase in Average Hourly EarningsNon-Farm Payrolls and Unemployment Rate Show Strong GrowthImpact on Markets and the U.S. Dollar

Surprising Increase in Average Hourly Earnings

September saw a notable rise in average hourly earnings in the U.S., with the figure coming in at 0.4%. Market expectations had been for a 0.3% increase, in line with the previous month’s figure of 0.4%.

Average hourly earnings are a key indicator of inflation, reflecting the rate at which wages are rising. This uptick in wages could signal higher consumer prices, which would have a positive effect on the U.S. dollar. As companies face higher human resource costs, inflationary pressures are likely to increase.

representing the impact of U.S. economic data on the crypto market. The image should feature symbols of Bitcoin and the U.S. dollar w

Non-Farm Payrolls and Unemployment Rate Show Strong Growth

The U.S. non-farm payroll data for September delivered a major surprise. The figure jumped to 254,000, significantly higher than the expected 147,000 and well above the previous month’s 142,000. Non-farm payrolls are a critical indicator of economic health and are seen as a strong gauge of economic growth. This unexpected rise points to increased consumption and a strengthening labor market.

Another key data point, the unemployment rate, also came in better than expected. The September unemployment rate dropped to 4.1%, beating the market expectation of 4.2%. This decline from the previous month’s 4.2% indicates ongoing recovery in the economy, with more people finding jobs, which in turn boosts consumer spending and overall economic growth.

Impact on Markets and the U.S. Dollar

The positive U.S. economic data is expected to strengthen the U.S. dollar and create significant movement across global markets, including the crypto market. The favorable data could also play a key role in shaping the Federal Reserve’s monetary policy in the coming months. With the economy showing signs of robust growth, the Fed may adjust its stance accordingly.

U.S. dollar, non-farm payrolls, unemployment rate, crypto market, inflation

Advertising

For advertising inquiries, please email . [email protected] or Telegram

A Costly Mistake: The Unreachable Bitcoin Fortune Lost to Environmental Laws

Surprising Bitcoin Movement! A Wallet Dormant for 15 Years Transfers $3.58 Million

Super Trump Coin: Donald Trump’s Crypto Surge Sees 7% Growth Amid Election Excitement

Ripple’s Survey Unveils Blockchain Boom in Middle East and Africa

Backed and eNor Launch Tokenized Assets for LATAM Investors

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
Previous Article visual highlighting Bitcoins accumulation phase as noted by Glasnode. The image should feature a prominent Bitcoin symbol with cauti Glasnode Warns: Bitcoin Investors in Loss Begin Accumulating Again
Next Article visual representing Aaves proposal to add wrapped staked ETH wstETH to Aave v3 on BNB Chain. The image should feature the symbol wstETH Gains Momentum: BNB Chain Users in Focus with Aave Proposal
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English