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