December's employment report shows mixed signals worth watching. Job gains stayed solid in food services, healthcare, and social assistance sectors—but retail took a hit with notable job losses. The Fed's interest rate path hinges on labor market health, which directly impacts crypto volatility.

Revisions paint a softer picture: October payrolls came in 68K lower at -173K, while November's print was trimmed 8K to just +56K. Unemployment held steady at 4.4%, though the labor force participation numbers deserve attention. These dynamics matter because weaker employment could eventually push the Fed toward rate cuts, reshaping macro conditions for digital assets.