The Bureau of Labor Statistics has released the U.S. jobs report, indicating a loss of 105,000 jobs in October, with the unemployment rate rising to 4.6%, the highest in four years. November saw a partial recovery with 64,000 jobs added. The report was delayed due to a government shutdown, affecting the completeness of October's data.
In response to the report, stock markets experienced a decline, while Bitcoin saw a 2.5% increase. The Federal Reserve now faces a challenging decision between addressing inflation and supporting employment. Market participants are also closely monitoring altcoins as sentiment shifts.
U.S. Jobs Report Reveals 105,000 Job Losses in October, Unemployment at 4.6%
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