The U.S. economy added 115,000 jobs in April, far exceeding economist predictions of 62,000, according to the Bureau of Labor Statistics. While down from a revised 185,000 in March, the data signals continued labor market resilience. The unemployment rate held steady at 4.3%, matching expectations.
Bitcoin traded around $80,200 following the release, roughly flat over the past 24 hours. U.S. stock index futures extended gains, with the Nasdaq 100 rising 0.9%. The 10-year Treasury yield dipped 2 basis points to 4.37%.
The report lands at a pivotal time for markets and policymakers. Last week, the Federal Reserve held its benchmark rate at 3.50%-3.75%, maintaining its pause as it weighs slowing growth against persistent inflation. Additionally, Kevin Warsh is expected to be confirmed by the Senate to succeed Jerome Powell as Fed chairman later this month.
Elevated oil prices remain a concern, with geopolitical tensions around the Strait of Hormuz keeping markets on edge. Higher crude costs risk feeding into headline inflation while dampening consumer spending and economic activity.