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U.S. Adds 253K Jobs in April, Topping Expectations for 180K; Bitcoin Falls

The U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a report from the Bureau of Labor Statistics (BLS). The unemployment rate was 3.4%, down from 3.5% in March and against expectations for 3.6%. he price of bitcoin (BTC) fell about 1% to $28,900. Though slowing modestly in recent months, the employment picture has remained strong, giving the U.S. Federal Reserve reason to continue to hike interest rates to try and bring inflation down to its 2% target. The average job gain over the past three months is 222,000.

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