U.S. UNEMPLOYMENT RATE (NOVEMBER ): 4.6% | Expectations: 4.5% | Previous: 4.4%

NONFARM PAYROLLS (NOVEMBER ): +64,000 | Expectations: +50,000 | Previous: +119,000

HOURLY EARNINGS: +3.5% | Expectations: 3.6% | Previous: 3.8%

🔸 U.S. employment increased by 64,000 in November, higher than forecast, after losing 105,000 jobs in October due to government layoffs and data disruptions.

🔸 The unemployment rate rose to 4.6%, the highest since 2021, indicating the labor market is cooling down, although jobs are still being created.

🔸 Overall job growth remains weak, mainly driven by healthcare and construction, while transportation and leisure services continue to lose jobs.

🔸 Wages grew at a slower pace, with hourly income increasing by only 0.1% this month and 3.5% year-over-year, helping to ease inflation pressures.

🔸 The Fed is unlikely to react strongly to this report as the data is affected by the government shutdown. The market still considers the chance of a rate cut in January to be low.#BTCTechnicalRecoveryAfterBreakdown #JapanToRaiseInterestRatesInMid-to-lateDecember $BTC $ETH