#usjobsdata This jobs report is a economic head-scratcher 🤔. Strong headline hiring suggests underlying resilience, but the jump in unemployment to 4.4% can’t be ignored—it signals clear softening in the labor force.
For the Fed, this is a true "good news, bad news" dilemma 📜. It likely keeps them on hold, but the "hawkish hold" narrative is getting shaky. They’re watching the unemployment rate climb, and that may soon outweigh strong payrolls.
Bitcoin’s hold near $91.9k shows markets are still riding the Nvidia-led tech surge 🚀. But the key question is which data point the market chooses to focus on next. Does resilience win, or does the cracks-in-the-labor-market narrative finally trigger a risk-off shift? For now, caution is wise. ⚖️
