#usjobsdata
📊 #USJobsData: September payrolls rose by 119,000, exceeding expectations of 50,000, while the unemployment rate increased to 4.4%.

The report, delayed six weeks due to the government shutdown, presents a mixed labor-market picture. Hiring momentum appears firmer than anticipated, yet the rise in unemployment suggests underlying softening rather than renewed acceleration.

📈 Market response:

🪙 $BTC trading around $88,000

Nasdaq futures up ~1.9%, with broader U.S. equity futures modestly higher

💵 U.S. dollar slightly stronger; 10-year Treasury yield stable

Despite the headline beat in payrolls, the data has not meaningfully altered Federal Reserve expectations. Markets continue to price out a December rate cut, reflecting the Fed’s recent hawkish messaging and limited visibility from delayed economic releases.

🔍 Key takeaway: with no updated labor report until mid-December, investors appear more focused on earnings strength, risk sentiment, and broader macro trends than backward-looking employment data.

How do you see this labor report influencing markets into year-end? 👇