The Bureau of Labor Statistics released a surprising jobs report on Good Friday, showing that the US economy added 178,000 jobs in March. This beat expectations of 57,000 nonfarm payrolls and marked the strongest monthly gain since December 2024.
The job growth was driven by industries such as healthcare, construction, transportation, and warehousing. However, much of the increase was mechanical, a catch-up from previous disruptions rather than evidence of a suddenly recovered economy.
Despite the strong numbers, traditional markets were closed for Good Friday, leaving Bitcoin as one of the few places where investors could react to the news. The crypto market's fear and greed index had been sitting at extreme fear levels, but the jobs report did not spark a significant reaction from Bitcoin prices.