On December 16, the cryptocurrency industry will welcome an annual key variable—the U.S. November non-farm payroll report will officially be released! This is the first monthly employment data after a 43-day federal government shutdown, and the true state of the labor market is about to be revealed. Every fluctuation in the data could stir the winds of the cryptocurrency market.

The Federal Reserve has long issued warnings: officials predict the unemployment rate will peak at 4.5%, and Powell has explicitly stated that the job market is under pressure, with job creation possibly falling into negative growth. The current job market is deeply trapped in a "low hiring, low firing" stalemate, with young job seekers bearing the brunt; over half of employers have given a poor rating to the job market for graduates of the class of 2026. Experts generally believe that an aging population and immigration restrictions will continue to tighten labor supply, and monthly employment growth is likely to remain low. $BTC