📍 US Jobs Data — What’s Happening & Why It Matters 🇺🇸📈
The latest U.S. jobs figures show continued labor market cooling, but still positive momentum in job creation. In November, nonfarm payrolls rose by ~64,000, beating expectations and signaling modest employment growth following a sharp October drop. At the same time, the unemployment rate ticked up to around 4.6%, its highest in over four years.�
Bureau of Labor Statistics +1
This mix—slower hiring yet still positive gains—reflects a labor market that’s steady but softening. Health care and construction led job creation, offsetting ongoing federal government job losses. Wage growth remains moderate, and overall hiring activity has remained subdued compared with previous years.�
Bureau of Labor Statistics +1
🔎 Crypto & Macro Impact
• A softer jobs backdrop often tilts expectations toward easier monetary policy later this year, which can support risk assets like crypto.
• However, rising unemployment can dampen consumer confidence and slow economic growth in broader markets.
Stay tuned as traders and policymakers digest these labor trends ahead of key Federal Reserve decisions. 📊💹$BTC $BNB $SOL #USTradeDeficitShrink #USJobsData
