US Non-Farm Payrolls Update – Delayed Data Finally Out 🚨
🇺🇸 After months of delay due to the government shutdown, the US jobs data is finally here — and it’s mixed.
📊 Double NFP Release
• October: -105K jobs (big miss)
• November: +64K jobs (above expectations of 50K)
October’s weakness was mainly driven by federal job cuts (-162K), while November showed a small rebound. However, the bigger concern 👇
📉 Unemployment rate jumped to 4.6%, the highest level in 4 years.
🔍 What This Tells Us
• Labor market is clearly cooling
• Private sector is holding up, but momentum is weak
• Wage growth is slowing → inflation pressure easing
🏦 Fed Outlook
With employment starting to weaken, markets are now pricing in a more dovish Fed stance, and expectations for rate cuts in 2026 are getting stronger.
💰 Market Reaction
• USD slightly weaker
• Equities cautious
• Crypto watching closely 👀
Weak jobs data strengthens the easy liquidity narrative. If this trend continues, BTC & ETH could benefit as markets start positioning for a more accommodative macro environment into 2026.
⚠️ Cracks are visible, but resilience remains.
Is a Fed pivot coming? Stay alert.
#USNonFarmPayrollReport #Bitcoin #Ethereum #XRP
