CoinDesk Podcast Network BLS Revision Shows 1M Jobs Fewer Than Reported | CoinDesk Daily
Sep 10, 2025
The latest BLS revision reveals nearly 1 million fewer jobs created than initially reported, sparking questions about the reliability of labor data. This discrepancy could shake confidence in the market. Meanwhile, the crypto landscape is buzzing with Bitcoin's rise and exciting new ETF proposals from Belarus, all unfolding against a backdrop of geopolitical challenges. It's a whirlwind of economic insights and crypto developments that could redefine perceptions in both sectors.
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Record Job Revision Shakes Confidence
- The Bureau of Labor Statistics revised downward nearly 1 million jobs for the year ended March, undermining earlier optimism about labor strength.
- Markets saw this as evidence the Fed may ease aggressively, shifting risk-on positions and trader bets.
Revisions Tilt Markets Toward Easing
- Traders interpreted the downward revisions as signaling the Federal Reserve will cut rates, prompting bets on aggressive easing.
- Crypto and risk assets reacted, with markets repricing expectations and crypto pushing higher on softer data.
Trader Bet And Crypto Bounce
- One polymarket trader is publicly betting on a 50 basis point Fed cut on September 17th, reflecting heightened rate-cut speculation.
- Crypto rebounded after a softer producer price index, with Bitcoin noted as pushing above $114,000 that morning.