US Economy Adds 216,000 Jobs in December 2023, Unemployment Rate Steady at 3.7%

The US economy added 216,000 jobs in December 2023, surpassing economists' expectations and November's revised figure of 173,000. The unemployment rate remained steady at 3.7%, beating forecasts of a rise to 3.8%. Bitcoin's price saw a slight dip following the strong job report but remained relatively unchanged for the day. Traditional markets, such as the Nasdaq, have had a shaky start to 2024, with the 10-year Treasury yield up by 25 basis points and investors concerned that they may have overestimated the likelihood of rate cuts in 2024.