Private sector payroll growth is cooling notably. December's three-month average hit just +29K, a sharp pullback from November's initially reported +75K—even after revisions bumped November to +52K, the deceleration remains stark.

Looking at the broader picture, the six-month average tells a similar story. It sits at +43K in December versus November's originally reported +44K, though with all the post-revision adjustments factored in, November's figure came down to +32K. The trend here is unmistakable: employment gains in the private sector are losing momentum.

This slowdown in job creation carries weight for markets watching Fed policy moves and recession signals. Weaker payroll data historically fuels speculation around rate cuts and liquidity shifts, making this a key datapoint for traders across all asset classes, crypto included.