According to The Kobeissi Letter, the number of long-term unemployed Americans surged to 1.67 million in April 2025, marking the highest level since February 2022. Over the past two years, Americans unemployed for 27 weeks or more increased by approximately 600,000 (Source: The Kobeissi Letter, Twitter, May 7, 2025). This persistent weakness in the US labor market may increase economic uncertainty, often leading traders to seek alternative assets such as Bitcoin and Ethereum. Historically, rising unemployment has correlated with heightened volatility in both traditional markets and digital assets, presenting potential trading opportunities in crypto hedging and volatility strategies.
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Long-Term Unemployment in the US Rises to 1.67 Million in April 2025: Impact on Crypto Market and Trading Strategies – Blockchain News
