On May 2, 2025, the U.S. Bureau of Labor Statistics revised February and March nonfarm payrolls upshots while April saw an unexpected increase in employment numbers, reported PANews.
The revisions indicate the U.S. economy added fewer jobs in early 2025 than previously reported, prompting interest in potential Federal Reserve policy adjustments.
April Job Gains Surpass Forecast Amid Data Revisions
The U.S. Bureau of Labor Statistics adjusted February and March nonfarm payroll figures downward by a total of 58,000. Meanwhile, April added 177,000 new jobs, surpassing the forecasted increase of 130,000.
The previous revisions depict a marginal lowering in job creation, influencing the early-year employment landscape. Elevated April figures introduce discussions on market stability amid Federal Reserve policy speculations.
Market analysts noted that the higher-than-expected April jobs figure results in a muted impact on immediate market sentiment. No substantial statements have surfaced from key blockchain leaders following these updates.
Crypto Market Projections Amid Economic Indicators
Did you know? Employment revisions in the past often impacted risk assets like Bitcoin, reflecting economic sentiment shifts. For context, in past economic surprises, BTC exhibited notable volatility linked to nonfarm payroll data deviations.
As of May 2, 2025, Bitcoin (BTC) was priced at $97,081.62 with a market cap of 1,927,945,322,022.98 billion and dominance of 63.93%, according to CoinMarketCap. Its 24-hour trading volume decreased by 5.81%, though BTC showed gains of 0.82% over the last 24 hours.
