Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. WARNING: Labor Market In Mirror May Be Weaker Than It Appears. In this video, Joe breaks down how the "strong" ADP employment data paired with today's NFP and wage data paints a deceptively strong picture of the labor market, one that the Fed will use as cannon fodder for another ill-fated hike on July 26th.

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