📉 U.S. JOBS DATA FLASH SIGNAL 🇺🇸📊

The delayed U.S. Non-Farm Payrolls report is out — and it confirms what markets were already pricing in: the labor market is cooling.

🔍 November 2025 Snapshot

• ➕ 64K jobs added (above estimates, weak by cycle standards)

• 📈 Unemployment rises to 4.6% — highest in 4 years

• 🔄 October revised to -105K, shutdown distortions exposed

⚠️ What Really Matters

• Job growth has stalled since April

• Private sector hiring is slowing

• Government shutdown effects masked deeper weakness

🏦 Macro Implications

A softening labor market strengthens the case for policy easing in 2026.

As hiring slows, inflation pressure fades — and liquidity expectations reprice quickly, putting the Federal Reserve back in focus.

🧠 Market Takeaway

This is not a collapse.

This is late-cycle deceleration — the phase where policy pivots begin.

⏳ Jobs slow first. Markets react next.

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