The September U.S. jobs report released today shows a clear cooling in hiring:
- Nonfarm payrolls: +29K vs. roughly 84–90K expected.
- Unemployment: 4.2%, up from 4.1%.
- Wage growth: +3.0% YoY; hourly earnings rose only 0.1% MoM.
- July and August were revised down by a combined 60K jobs. Bureau of Labor Statistics
📉 What it means for BTC
The key issue is the Fed reaction.
Weak jobs → weaker labor market → potentially less pressure for higher rates → potentially supportive for liquidity/risk assets such as $BTC
$ETH $SOL
- Nonfarm payrolls: +29K vs. roughly 84–90K expected.
- Unemployment: 4.2%, up from 4.1%.
- Wage growth: +3.0% YoY; hourly earnings rose only 0.1% MoM.
- July and August were revised down by a combined 60K jobs. Bureau of Labor Statistics
📉 What it means for BTC
The key issue is the Fed reaction.
Weak jobs → weaker labor market → potentially less pressure for higher rates → potentially supportive for liquidity/risk assets such as $BTC
$ETH $SOL