The US Job Market Just Entered Crisis Mode
US job creation is not just slowing; it is falling off a cliff. YTD hiring plans are the weakest seen since 2010, marking a brutal 35% drop from last year’s figures. This isn't a blip; we are tracking the fifth straight year of annual decline in announced jobs. The most alarming metric is seasonal hiring intentions, which are now at an all-time recorded low since data collection began in 2012. This level of systemic labor weakness confirms that demand destruction in the real economy is now profound.
The implication for $BTC and $ETH is straightforward. When the real economy fractures this severely, the central bank's primary focus shifts abruptly from fighting inflation to preventing a deep recession. The timeline for a major dovish pivot has just accelerated dramatically. Hard assets, particularly decentralized scarcity, will capture this liquidity shift as the monetary floodgates prepare to open. The market is pricing in rate cuts based on CPI, but the Fed will ultimately pivot based on payrolls.
Not financial advice.
#Macro #FederalReserve #BTC #Economy #Liquidity
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