Cryptocurrency investors appeared largely unmoved by yesterday's revised jobless claims data. The U.S. Department of Labor showed that for the week ending April 1, 228,000 Americans filed for unemployment, 11% higher than consensus estimates of 205,000. The data also showed that jobless claims for the week ending March 25 were revised sharply higher from 198,000 to 246,000. This was attributed to changes in the methodology for seasonal adjustment which ultimately led to a 18,000 decrease in current claims.

Bitcoin’s and Ether’s movements in reaction to the release showed no significant trend, with Bitcoin falling 0.93% and Ether falling just 0.04%. As of now, both currencies remain relatively unchanged, with Bitcoin almost identical and Ether up 4.5%. This lack of reaction could suggest that the change didn't play into investment decisions or that investors were unconcerned by the revised data.

The Federal Reserve Open Market Committee (FOMC) has routinely characterized the labor market as “very tight,” and the revision higher for last week appears to align with what they want to see. As such, the Non-Farm payrolls data on Friday will provide some more insight. But with the U.S. holidays coming up, trading activity this week may remain subdued.

Overall, the revised jobless data has yet to play a major role in crypto investors' decisions. While the number is still lower than what FOMC would like to see, investors have not found the information particularly significant. Whether this will change when additional jobs data is released on Friday, remains to be seen.



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