U.S. job market just sent a major warning signal. Fresh employment numbers came in significantly below expectations, with government hiring hitting a wall. The broader hiring slowdown is picking up steam—companies are clearly pumping the brakes on new positions.

For crypto traders, this matters. Softer labor market data typically intensifies speculation about Federal Reserve policy shifts. Fewer jobs and weaker wage growth could reshape expectations around interest rates and liquidity conditions, directly impacting capital flows into risk assets. Keep tabs on how this economic headwind influences market sentiment and institutional positioning in the weeks ahead.