U.S. employment data released, market reaction is evident.
Non-farm employment increased by 50K, below the expected 66K, this gap is noteworthy. More interestingly, the unemployment rate came in at 4.4%, slightly better than the expected 4.5%.
It seems the signals of cooling in the employment market are mixed. On one hand, the increase in new jobs is below expectations; on the other hand, the unemployment rate is better. This contradictory phenomenon usually indicates that economic growth may slow down, which will influence the Federal Reserve's future policy direction. For the crypto market, such data often determines the short-term trend of risk assets.
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TokenCreatorOP
· 4h ago
Hmm, this data is a bit mysterious. With non-farm payrolls shrinking so much, what's there to pretend about?
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GateUser-3824aa38
· 01-09 18:15
With non-farm data so disappointing, the Federal Reserve probably isn't really going to cut.
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FUDwatcher
· 01-09 18:09
The 50K non-farm payroll data is indeed a bit cold, but the unemployment rate is actually good? Feels like the Federal Reserve is scratching their head.
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ApeDegen
· 01-09 17:58
The drop below 50K is a bit hard to believe, and the unemployment rate is actually improving, which is a contradictory signal that I really can't understand.
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LucidSleepwalker
· 01-09 17:54
Such contradictory data again, really quite frustrating.
U.S. employment data released, market reaction is evident.
Non-farm employment increased by 50K, below the expected 66K, this gap is noteworthy. More interestingly, the unemployment rate came in at 4.4%, slightly better than the expected 4.5%.
It seems the signals of cooling in the employment market are mixed. On one hand, the increase in new jobs is below expectations; on the other hand, the unemployment rate is better. This contradictory phenomenon usually indicates that economic growth may slow down, which will influence the Federal Reserve's future policy direction. For the crypto market, such data often determines the short-term trend of risk assets.