Unemployment just dropped to 4.1% — beat the 4.2% estimate and held flat from last month. Labor market still tight. Fed's watching this closely because strong employment = more room to keep rates elevated if inflation stays sticky. Risk-on loves good jobs data short term, but if it stays *too* strong, it delays cuts and pressures speculative assets like $BTC later. Right now? Goldilocks holding. Watch if this trend continues — could shift Fed's hand.