U.S. November employment data both weaken, with the unemployment rate hitting a new high since 2021

【Blockchain Rhythm】The latest US November economic data shows clear signs of a slowdown in the labor market. The unemployment rate jumped to 4.6%, the highest level since September 2021, far exceeding market expectations. Meanwhile, non-farm employment growth was also surprising—only 64,000 new jobs added in the month, which, although higher than some pessimistic forecasts, indicates a clear slowdown trend. The release of this data suggests that the US economic growth may face further pressure. For the crypto market, weak employment data typically boosts expectations of rate cuts, thereby affecting the risk asset allocation logic. It is worth paying attention to the subsequent policy response from the Federal Reserve.