US July jobs report just dropped and it's soft as hell.
Nonfarm Payrolls: -23K (expected +85K)
Private Payrolls: +30K (expected +78K)
Avg Hourly Earnings: +0.1% (expected +0.3%)
Unemployment: 4.1% (expected 4.2%)
Headline went negative. Wage growth died. Private hiring barely alive.
Labor market is cracking. This is the data that forces the Fed's hand—cuts are coming, not hikes. Market wasn't pricing this weakness.
Risk-on for $BTC $ETH. Liquidity incoming.
Nonfarm Payrolls: -23K (expected +85K)
Private Payrolls: +30K (expected +78K)
Avg Hourly Earnings: +0.1% (expected +0.3%)
Unemployment: 4.1% (expected 4.2%)
Headline went negative. Wage growth died. Private hiring barely alive.
Labor market is cracking. This is the data that forces the Fed's hand—cuts are coming, not hikes. Market wasn't pricing this weakness.
Risk-on for $BTC $ETH. Liquidity incoming.