Over the weekend, digital asset markets are oscillating after the latest U.S. jobs report showed that more jobs were created last month than expected.
According to a new report from the US Bureau of Labor Statistics (BLS), employment rose by 263,000 people in November, while the unemployment rate remained unchanged at 3.7%.
The number of jobs exceeded the forecast of 200,000, while the unemployment rate remained unchanged. However, job creation has slowed slightly from October’s revised figure of 284,000.
The report also shows that the average hourly wage of all private sector workers increased by 0.6%.
According to the BLS, job gains were registered in the leisure and hospitality, healthcare and government sectors, while jobs declined in the retail, transportation and storage sectors.
As markets reacted to the latest data, Bitcoin (BTC) hit an overnight high of $17,129 at the time of writing before falling 1.4% to $16,881. The largest crypto asset by market capitalization is changing hands at $16,971.
Ethereum (ETH) reached an overnight high at the time of writing of $1296 before dropping 1.85% to $1272. At the time of writing, the top altcoin is valued at $1,281.
In recent months, the Federal Reserve has raised interest rates at the most aggressive pace in decades to counter the inflation that has affected all markets.
The next report of economic data that has historically influenced markets is the consumer price index (CPI), which is due out on Tuesday, December 13th.