US unemployment rose to 4.6%, above expectations of 4.4%, marking the highest level since September 2021.
Excluding COVID, this is the highest unemployment rate in over 8 years.
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The labor market is clearly deteriorating, especially for young workers, with youth unemployment climbing to 10.6%.
This strengthens the case that the Fed may need to pursue more easing in 2026.
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#USJobsData #TrumpTariffs #USNonFarmPayrollReport $BTC $ETH
