The latest jobs report shows US unemployment rising to 4.6%- higher than forecast and the highest since late 2021.
Outside of the pandemic, it’s the highest in over eight years.
Youth unemployment also climbed to 10.6%, highlighting particular pressure on younger workers.
With signs of softening in the labor market, the case for Fed easing in 2026 appears stronger.
Meanwhile, BTC remains resilient, holding above $87K.
BTCUSDT
Perp
88,418.4
+1.69%
ZECUSDT
Perp
444.78
+1.56%
XRPUSDT
Perp
1.8822
+1.09%