๐จ Breaking: U.S. Jobs Report Shakes Markets! โก๐
The August Nonfarm Payrolls report just dropped โ and itโs a huge miss! ๐ฎ
๐ Only 22,000 jobs were added vs. expectations of 75,000. This marks the weakest labor growth since the post-pandemic recovery.
๐ Key Highlights:
๐ Unemployment: Up to 4.3%, the highest since 2021.
๐ฅ Healthcare: Only sector showing gains.
๐ญ Manufacturing & Government: Both saw job losses.
๐ต Wages: Modest +0.3% rise, but momentum is fading.
๐ Market Reaction:
This weak jobs print is fueling Fed cut speculation. Traders are now pricing in a 25 bps rate cut this month, with whispers of an even more aggressive 50 bps cut โ๏ธ.
โก What this means:
Risk assets (BTC, ETH, stocks) could see short-term volatility.
A confirmed rate cut may act as a bullish spark for crypto ๐.
Eyes on the Fedโs next move โ macro is once again the driver!
{spot}(BTCUSDT)
{spot}(ETHUSDT)
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