According to André Dragosch, PhD (@Andre_Dragosch), recent data shows a strong correlation between construction spending and construction payrolls, which historically lead overall payroll trends (source: Twitter, June 12, 2025). For crypto traders, this relationship is significant because shifts in payroll data can influence broader economic sentiment and risk appetite, often impacting Bitcoin (BTC) and Ethereum (ETH) prices. Monitoring construction spending and payrolls can help anticipate potential macroeconomic shifts that affect crypto inflows and market volatility.