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.

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, those unemployed for 27 weeks or more increased by approximately 600,000. This trend signals persistent labor market weakness, which could impact consumer spending and overall economic sentiment. For crypto traders, elevated long-term unemployment may drive increased volatility as investors hedge against macroeconomic uncertainty by reallocating assets into digital currencies. These labor market shifts are crucial for crypto market positioning (source: The Kobeissi Letter, Twitter, May 7, 2025).

According to The Kobeissi Letter, the percentage of US consumers who believe there will be fewer jobs over the next six months has surged to 26% as of February. This marks the highest level of concern in 12 years, surpassing levels seen in 2020 and aligning with those from 2001. Such sentiment indicates potential economic challenges that could impact market confidence and trading strategies.