📰 NEWS: US November Jobs Report Shows Cooling Labor Market
What Happened:
US added just 64,000 nonfarm jobs in November (beating low expectations but after a sharp 105,000 loss in October due to revisions). Unemployment rate rose to 4.6%, highest since 2021.
Impact on Crypto:
Mixed signals: Weak data increases pressure on Fed for potential rate cuts, supporting risk assets like crypto in the long run.
Coins Affected:
$BTC $ETH holding steady post-release amid broader market caution.
Why It Matters:
Cooling jobs often lead to easier money policy, which boosts crypto by increasing liquidity—good for beginners eyeing long-term growth.
Source: BLS.gov, Reuters
⚠️ Not financial advice. DYOR.
Bullish on rate cuts from this? 👇
