A Cooling Labor Market Supports a “Soft Landing”

[ed]

December’s addition of just 50,000 jobs marked one of the weakest monthly gains in years. Still, unemployment fell to 4.4% and wages rose 3.8% year over year, signaling resilience beneath the surface. Investors interpreted the data as a cooling labor market, not a collapsing one.

That interpretation helped stabilize risk assets, including Bitcoin, which traded calmly between $89,000 and $92,000. The data supports the idea of a soft landing—an environment that removes downside risk but doesn’t automatically ignite a fresh rally.

[cryptohog]

this is like the most “meh but fine” jobs report imaginable