#USNonFarmPayrollReport đš
US jobs report is out! đ Nonfarm payrolls rose by +64K in November, beating expectations of ~50K, but signaling labor market cooling đ.
- October saw a sharp -105K drop due to federal government layoffs
- Unemployment rate hit 4.6%, highest since pandemic end đŹ
- Gains in healthcare (+46K) and construction đïž
- Wage growth slowed, average hourly earnings up 0.1% MoM đ
Crypto market đ€ reaction was muted, with BTC holding steady amid risk-off sentiment đ. Weak labor data may lead to Fed easing in 2026, but recession fears could pressure risk assets.
US jobs report is out! đ Nonfarm payrolls rose by +64K in November, beating expectations of ~50K, but signaling labor market cooling đ.
- October saw a sharp -105K drop due to federal government layoffs
- Unemployment rate hit 4.6%, highest since pandemic end đŹ
- Gains in healthcare (+46K) and construction đïž
- Wage growth slowed, average hourly earnings up 0.1% MoM đ
Crypto market đ€ reaction was muted, with BTC holding steady amid risk-off sentiment đ. Weak labor data may lead to Fed easing in 2026, but recession fears could pressure risk assets.