$ASTER $ZEC Non-farm “nuclear bomb” strikes tonight! The U.S. employment data will soon be revealed, will the crypto market be influenced again?
The U.S. Department of Labor will release the heavy November non-farm employment report on December 16, which is the first monthly employment data after the federal government shutdown for 43 days, revealing the true bottom line of the labor market, all eyes are on this announcement!
The market's attention to this report is at an all-time high, primarily because the Federal Reserve has already sent clear signals. This week’s Federal Reserve forecast shows that officials expect the unemployment rate to peak at 4.5% this year, only dropping back to 4.4% by the end of 2026. Federal Reserve Chairman Powell stated last Wednesday that the job market is under pressure, and the actual job creation may have even turned into negative growth. The significant contraction in labor supply, combined with notable downside risks, makes the chill in the job market visibly apparent.
The current job market is exhibiting a “low hiring, low firing” stalemate. Indeed's hiring lab sharply pointed out last month that the key issue now is not whether the labor market can thaw, but whether it might collapse directly. Experts generally predict that the market is likely to maintain the status quo, with employers being more selective in hiring and job seekers facing greater challenges, making the difficulty of a mutual pursuit continuously rise.
This pressure is particularly evident among young job seekers. A survey conducted by the American Association of Colleges and Employers on 183 employers from August to September showed that over half of the respondents rated the job market for the graduating class of 2026 as poor or average, making the job search for fresh graduates extremely difficult.
The academic community and institutions are also in uproar. Princeton University professor Ayshe Gül Şahin believes that a decrease in the number of immigrants may lead to a simultaneous decline in job demand, thereby stabilizing the unemployment rate; KPMG senior economist Matt Nester emphasizes that population aging and restrictions on immigration policies suppress labor supply, and monthly job growth will linger at low levels for a long time.
Every number in the non-farm data could affect the direction of the Federal Reserve's monetary policy, thereby stirring the nerves of the global asset market. For the crypto market, is this report a thunderclap or a reassurance?
Do you think this non-farm data will exceed expectations, or fall short? After the data is released, will mainstream coins like BTC and ETH surge first or plummet?
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