Bitcoin and Wall Street bleed after U.S. economy loses 92K jobs [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
The digital asset saw a decline of more than 5% over a 24-hour period, reacting to fresh data from the Bureau of Labor Statistics. The report revealed a struggling labor market, noting that the U.S. lost 92,000 jobs in February while the unemployment rate edged upward to 4.4%. This downturn follows a brief period of optimism. Only a day earlier, on Thursday, March 5, Bitcoin had climbed above $72,000. However, at the time of writing, the price had retracted to $68,412., marking a total daily loss of 3.4%. Related: $144 trillion global money growth flashes warning sign Labor market data misses the mark The contraction in the workforce caught many by surprise. After a resilient January that saw 126,000 jobs added, economists had anticipated a modest gain of 50,000 positions for February. Instead, the loss of 92,000 jobs pushed the unemployment rate from 4.3% to 4.4%. The ripple effects of the employment report were felt far beyond the crypto space. The Dow Jones Industrial
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News
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GS
Earnings
- 1/16/26 - Beat
GS
Sec Filings
- 3/6/26 - Form 424B2
- 3/6/26 - Form 424B2
- 3/6/26 - Form 424B2
- GS's page on the SEC website