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, the number of long-term unemployed Americans surged to 1.67 million in April 2025, marking the highest level since February 2022. Over the past two years, Americans unemployed for 27 weeks or more increased by approximately 600,000 (Source: The Kobeissi Letter, Twitter, May 7, 2025). This persistent weakness in the US labor market may increase economic uncertainty, often leading traders to seek alternative assets such as Bitcoin and Ethereum. Historically, rising unemployment has correlated with heightened volatility in both traditional markets and digital assets, presenting potential trading opportunities in crypto hedging and volatility strategies.