
According to Revelio (labor analytics firm) aggregating company career pages and sites like LinkedIn (professional network) and Indeed (job listings platform). Weaker hiring can sway Federal Reserve (U.S. central bank) policy and sentiment for Bitcoin and altcoins (non-Bitcoin cryptocurrencies).
In January, United States nonfarm employment declined by 13,300, the second monthly drop in the past four months, according to Revelio (labor market analytics firm). The firm compiles labor data from company career pages and platforms like LinkedIn (professional networking site) and Indeed (job listings platform). Softer employment readings can influence expectations for the Federal Reserve (U.S. central bank), which often affects risk appetite for digital assets such as Bitcoin and altcoins (non-Bitcoin cryptocurrencies).