Crypto Market Plummets After US Jobs Data Shows Continued Economic Strength

US Job market data released for May 2025 revealed both positive and negative signs. The Bureau of Labor Statistics reported a surprising increase of 139,000 new jobs, exceeding expectations of just 126,000. However, a decline in government employment added to the volatility. Notably, the unemployment rate remained steady at 4.2%, matching pre-release predictions. The report showed that the majority of new positions were acquired in sectors such as healthcare, hospitality, and social assistance.