Cryptocurrency trading is stopping people from looking for full-time jobs: CareerBuilder CEO

Cryptocurrency trading is stopping people from looking for full-time jobs: CareerBuilder CEO

The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They've put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead staying home trading Bitcoin and other cryptocurrencies. 

"They're pulling back on the hours they're looking to work based on what's happening in the crypto market," Irina Novoselsky, CEO of job site CareerBuilder, told Yahoo Finance Live. "They're making side money and no longer looking to fill full-time hours."