According to The Kobeissi Letter, the May 2025 US employment data revealed a significant discrepancy of 835,000 jobs between the non-farm payrolls and the household survey. While the official non-farm payroll report showed an addition of 139,000 jobs, the household survey indicated a loss of 696,000 jobs, marking the second-largest monthly decline recorded. This divergence increases uncertainty about the true state of the US labor market, fueling volatility in both traditional and cryptocurrency markets as traders react to conflicting economic signals. Clear labor market uncertainty tends to heighten crypto market sensitivity to macroeconomic data, impacting Bitcoin, Ethereum, and altcoin price action in the short term (Source: @KobeissiLetter on Twitter, June 9, 2025).

According to The Kobeissi Letter, the U.S. May 2025 jobs report revealed a significant divergence between non-farm payrolls and the household survey, with a gap of 835,000 jobs (Source: The Kobeissi Letter, Twitter, June 9, 2025). Non-farm payrolls showed an increase of 139,000 jobs, while the household survey reported that 696,000 Americans lost their jobs, marking the second-largest monthly job loss recorded. This sharp discrepancy signals underlying labor market uncertainty, which could increase volatility in both traditional and crypto markets as traders reassess risk sentiment and anticipate possible monetary policy adjustments.

According to The Kobeissi Letter, there's a significant discrepancy between the February non-farm payrolls and household survey data. While the job report indicated an addition of 151,000 non-farm payrolls, the household survey revealed that 588,000 Americans lost their jobs, resulting in a difference of 739,000 jobs. This inconsistency raises questions about the accuracy of job market assessments.