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>>Spectacular 119 K Jump in Nonfarm Payrolls Shatters Forecasts – Implications for Crypto

Spectacular 119 K Jump in Nonfarm Payrolls Shatters Forecasts – Implications for Crypto

crypthub

3 days ago

Payrolls Surprise

September nonfarm payrolls added 119,000 jobs versus the 53,000 forecast. Unemployment rose to 4.4%, just above the 4.3% expectation. This is the only employment data before the Fed’s Dec 11 meeting, giving it extra weight.

Fed Policy Implications

The strong hiring signal supports a tighter monetary stance, allowing higher rates. Yet the slight uptick in unemployment adds a moderating note for policymakers. The Fed is likely to keep a hawkish tone into December.

Crypto Market Reaction

Higher rates usually pressure risk assets, including crypto, and can lift the dollar. Traders should expect heightened volatility around the Dec FOMC meeting. The payroll beat also reshapes inflation outlook, influencing digital‑asset valuations.

Spectacular 119 K Jump in Nonfarm Payrolls Shatters Forecasts – Implications for Crypto

Payrolls Surprise

Fed Policy Implications

Crypto Market Reaction

Spectacular 119 K Jump in Nonfarm Payrolls Shatters Forecasts – Implications for Crypto