After the US November Non-Farm Payrolls data was released, the market reacted strongly. The addition of 64,000 jobs exceeded the expected 50,000, but the unemployment rate soared to 4.6%—not only higher than the anticipated 4.4% but also the highest since September 2021. Even more surprisingly, October's data had already hinted at this trend, with non-farm employment plunging by 105,000, far below the previous expectation of a -25,000 decline.
This combination of data is quite sobering. Employment growth and the unemployment rate rising simultaneously prompted an immediate market response: Bitcoin instantly tumbled below 87,000 USDT. $ETH, $SOL, and $DOGE also followed suit with adjustments.
What is hidden behind these figures? Is the shadow of stagflation approaching? How will the Federal Reserve adjust its policies next? Will this lead to short-term volatility or a trend reversal? This round of market movement is difficult to judge simply.
What do you think about the impact of this data on the future market? Share your thoughts in the comments.
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SigmaBrain
· 22h ago
Unemployment rate soars but employment data still looks good, this combination is really strange. Is stagflation really coming?
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BTC drops sharply, feels like the Federal Reserve's policy has shifted. Will it continue to crash later?
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The contradictory employment data indicates problems at the economic core. The previous two months' plunge of 100,000 didn't trigger a reaction, but now it's erupting all at once.
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One moment talking about rate hikes, the next about rate cuts, it's giving me a headache. Should I buy the dip this time or clear all positions?
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The market reaction is so fierce, it feels like retail investors are about to get liquidated. The Fed's move is truly ruthless.
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Why are the unemployment rate and employment numbers rising simultaneously? Is there a data issue or what?
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ETH is also falling along with everything else, thought it could move independently. The whole market is in the red.
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Stagflation is coming, everyone, get ready for your wallets to shrink. This is a bear market signal.
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This data is so heartbreaking, will it continue to fall tomorrow?
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Wait, unemployment rate hits a new high but still adding people? I can't understand this logic, everyone.
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HackerWhoCares
· 22h ago
Unemployment rate is still so high, yet it dares to fall below 8.7? Stagflation is coming, brother.
It's the same old trick again—bad data, market crashes, then rebounds in two weeks. The retail investors never sleep.
A 4.6% unemployment rate really can't be sustained anymore. The Federal Reserve needs to change its mind.
It was warned back in October. Didn't anyone read the news?
In the short term, it's just about smashing the market to shake out weak hands. Long term? Who knows.
When BTC breaks below 8.7, I actually want to buy the dip. What are you all panicking about?
The term stagflation is back again. Every time, it's the same story—what's the outcome?
The data is ridiculously contradictory. No wonder the market reacts so strongly.
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GateUser-26d7f434
· 23h ago
BTC just retraced, with such a high unemployment rate, I'm really a bit worried.
After the US November Non-Farm Payrolls data was released, the market reacted strongly. The addition of 64,000 jobs exceeded the expected 50,000, but the unemployment rate soared to 4.6%—not only higher than the anticipated 4.4% but also the highest since September 2021. Even more surprisingly, October's data had already hinted at this trend, with non-farm employment plunging by 105,000, far below the previous expectation of a -25,000 decline.
This combination of data is quite sobering. Employment growth and the unemployment rate rising simultaneously prompted an immediate market response: Bitcoin instantly tumbled below 87,000 USDT. $ETH, $SOL, and $DOGE also followed suit with adjustments.
What is hidden behind these figures? Is the shadow of stagflation approaching? How will the Federal Reserve adjust its policies next? Will this lead to short-term volatility or a trend reversal? This round of market movement is difficult to judge simply.
What do you think about the impact of this data on the future market? Share your thoughts in the comments.