According to The Kobeissi Letter, 66% of US consumers now expect unemployment to rise over the next 12 months, marking the highest level of job market pessimism since 2008. This sharp increase, nearly doubling in just four months, signals growing economic uncertainty that could drive heightened volatility in both traditional equities and cryptocurrency markets. Historically, negative job market sentiment has correlated with increased crypto trading volumes as investors seek alternative assets during periods of macroeconomic stress (Source: The Kobeissi Letter, June 4, 2025). Traders should closely monitor US employment data and market sentiment indicators, as ongoing pessimism may influence Bitcoin, Ethereum, and altcoin price action in the coming months.

According to @KobeissiLetter, unemployment expectations in the US have surpassed 2020 levels, reaching their highest since 2008. A 2024 poll revealed that 56% of Americans believe the US is in a recession, sparking debates on whether the US is heading towards a recession.

According to @KobeissiLetter, unemployment expectations in the US have surpassed 2020 levels, reaching their highest since 2008. A 2024 poll revealed that 56% of Americans believe the US is in a recession, sparking debates on whether the US is heading towards an economic downturn.

According to The Kobeissi Letter, the index of US consumers’ unemployment expectations for the next 12 months has plummeted to approximately 50 points, marking the lowest level since 2008. This metric has experienced a sharp decline of about 45% over the past three months, indicating growing pessimism about the job market among Americans.