2026-01-10 06:21:14

The US December non-farm payroll data just came out, and the results are quite disappointing—job additions were only 158,000, far below the market expectation of 195,000, marking the lowest in nearly half a year. But interestingly, the unemployment rate actually dropped to 3.6%, and wages increased by 0.4% month-over-month. This bizarre combination of "employment contraction and rising wages" indeed presents a puzzle for the market. Is this a sign of economic slowdown or a reflection of structural adjustments? The contradictions behind this set of data could reshape investors' expectations for the Federal Reserve's future policies.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

CryptoWageSlave

· 13h ago

Unemployment rate drops while wages rise, this contradictory combination has got my head a bit confused. Is it good or bad? Wait, with such poor employment data, how dare they still give raises? Feels like a collapse is imminent. The non-farm payroll data, whether good or bad, is hard to say. No wonder investors are confused. How will the Federal Reserve proceed with this round of actions? This is the real "want the horse to run but also not eat grass," too surreal. Wages rising, hiring declining... Are some companies failing? The harsh reality of structural adjustment.

View OriginalReply0

MidnightGenesis

· 01-10 06:51

On-chain data shows that the combination of unemployment rate and wages is indeed peculiar. It is worth noting that such contradictions in history often indicate structural adjustments... Based on past experience, the Federal Reserve's next move will be crucial.

View OriginalReply0

wrekt_but_learning

· 01-10 06:51

The data is all reversed, yet the unemployment rate still drops? Who is this trick really trying to fool? Employment shrinks but wages rise, what is the Federal Reserve really up to? 158,000, this number is starting to be hard to believe. Wait, unemployment drops and wages rise? What kind of show is this? Another "expectations are dashed" story, I'm used to it. The contradiction within contradictions, if you don't understand, that's okay. What does the data say? Anyway, it's neither good nor bad, right? After this combination of punches, how should the Federal Reserve's policy move?

View OriginalReply0

tx_pending_forever

· 01-10 06:51

Heartbreaking, these data are like Schrödinger's cat, alive and dead at the same time Wait, unemployment rate drops and wages still rise? Is this some kind of magic trick Non-farm payrolls are so weak, why does it feel like the Federal Reserve should cut interest rates haha 15.8K, this data, I’m honestly stunned, is the market going to cool off by the end of the year? Contradictions aside, my coins are still falling, no matter how bizarre the data, it can’t change reality Wages only increased by 0.4%, what does that matter? My holdings have already lost double digits Something's off... this set of data feels like it’s paving the way for something Employment shrinking while wages rise? I really can't hold it anymore, what is the market actually doing? Federal Reserve’s future policies? I only care about when the decline will stop Suddenly feeling like economic data is all fake, the real issue still depends on crypto prices

View OriginalReply0

SelfStaking

· 01-10 06:50

Job data underperformed, but wages are still rising? This logic is really incredible, the Federal Reserve just can't figure it out Unemployment rate drops, wages increase... Are they playing magic tricks with us? 新增15.8K jobs, the lowest in nearly half a year... Is a large-scale layoffs wave really coming? Wait, why did the unemployment rate still fall? This data is a bit conflicting Wage increases sound impressive, but with so few new jobs... I'm a bit confused The Federal Reserve must be scratching their heads over this data, to raise or not to raise? Structural adjustment? I think it's just layoffs, leaving only the high-paid ones

View OriginalReply0