The latest jobs report shows US unemployment rising to 4.6%- higher than forecast and the highest since late 2021.
Outside of the pandemic, it’s the highest in over eight years.
Youth unemployment also climbed to 10.6%, highlighting particular pressure on younger workers.
With signs of softening in the labor market, the case for Fed easing in 2026 appears stronger.
Meanwhile, BTC remains resilient, holding above $87K.
BTCUSDT
Prep
86,700
-0.36%
ZECUSDT
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394.41
+1.04%
XRPUSDT
Prep
1.8366
-4.64%