Signs of a weak US labor market, unemployment rate expected to exceed expectations

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The US unemployment rate has risen to 4.6%. This figure exceeds the 4.5% level that the market was expecting. It is interpreted as a signal of cooling economic conditions beyond mere statistical numbers.

Signs of a weakening labor market are being detected. The rise in the US unemployment rate, indicating a slowdown in hiring momentum, could lead to a contraction in consumer sentiment. Companies are expected to tighten their hiring assessments further.

The Federal Reserve is paying close attention to this data. Employment indicators are a key variable in monetary policy decisions. Such changes in the US unemployment rate are likely to serve as important grounds for determining the timing and scale of future interest rate cuts.

Market participants are also cautious. Growing concerns about economic slowdown may lead to a preference for safe assets. This could also increase volatility in the cryptocurrency market, making close monitoring necessary.

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