According to The Kobeissi Letter, US job openings have declined to a 3-year low, with the 3-month moving average dropping to 7.36 million in April 2025, based on BLS data. This figure is now below the pre-pandemic peak of late 2018. The shrinking ratio of job openings to unemployed signals a cooling labor market, which could influence Federal Reserve policy and risk asset appetite, including cryptocurrencies. Historically, softer labor markets may reduce the likelihood of aggressive rate hikes, which can provide short-term relief to Bitcoin and altcoins as investors seek alternative assets. Source: The Kobeissi Letter, BLS, June 5, 2025.

According to The Kobeissi Letter, US job openings in April 2025 dropped to a three-year low of 7.36 million, based on BLS data. This marks a level even below the pre-pandemic peak of Q4 2018. The tightening labor market can signal slower economic growth, which historically impacts risk assets, including cryptocurrencies, as investors rebalance portfolios in response to macroeconomic uncertainty. Crypto traders should monitor labor market trends, as continued weakness could influence Federal Reserve policy and drive volatility in Bitcoin and altcoins. (Source: The Kobeissi Letter Twitter, BLS data)

According to The Kobeissi Letter, US job openings in March 2025 dropped by 288,000 to 7.2 million, marking the second-lowest level since January 2021 and falling short of the expected 7.5 million. The decline was led by construction, transportation, private education, and real estate sectors. This weaker-than-anticipated labor data may increase expectations for a more dovish Federal Reserve stance, potentially impacting risk assets like Bitcoin, Ethereum, and equities as traders recalibrate interest rate expectations and market direction. Source: The Kobeissi Letter (April 30, 2025).

According to The Kobeissi Letter, US job openings fell by 288,000 in March 2025 to 7.2 million, marking the second-lowest level since January 2021 and missing analyst expectations of 7.5 million. The decline was led by sectors such as construction, transportation, private education, and real estate (source: The Kobeissi Letter on Twitter, April 30, 2025). This weaker-than-expected labor market data may influence Federal Reserve policy expectations, potentially increasing the likelihood of interest rate cuts. Lower interest rates are often bullish for both traditional equities and cryptocurrencies, as they reduce the opportunity cost of holding risk assets and can trigger capital inflows into Bitcoin, Ethereum, and other digital assets. Traders should monitor the FOMC's forthcoming statements and market reactions for potential volatility in crypto and stock indices in response to continued weakness in US employment metrics.