🚨 Breaking News: Total stop in the US labor market! Non-Farm Payrolls for September completely disappoint
The U.S. Department of Labor has just released one of the weakest employment reports in recent times, raising alarms of an economic cooling:
📉 Report key data:
Non-Farm Payrolls (NFP): Only +29,000 jobs created in September.
Market expectation: ~90,000 jobs (well below and even breaking the most pessimistic forecasts).
Unemployment rate: It rose to 4.2% from the previous 4.1%.
🔍 What does this mean for markets and cryptocurrencies?
Accelerated cooling: The slowdown in job creation confirms that the US economy is losing momentum in a noticeable way.
FED impact: A weakened labor market increases pressure on the Federal Reserve to keep a more flexible stance or continue cutting interest rates to avoid a forced landing.
Macro volatility: Risk assets (including cryptocurrencies) react immediately to this data, as it reshapes expectations for global liquidity ahead of year-end.
How do you think this will affect the next move for Bitcoin and the crypto market? Let me know in the comments! 👇
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