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In 2025, the US non-farm employment growth rate hit a new low since 2020. How weak is this figure? Looking back over the past decade, during the economic expansion from 2010 to 2019, such a weak increase never occurred.
After this data was released, many market participants began to ponder—what does this really reflect?
The momentum of economic growth has clearly weakened. Can the unemployment rate and wage growth sustain market expectations, or are recession risks beginning to surface? For the crypto market, such macroeconomic signals often trigger a re-pricing of capital. How mainstream assets like ETH will react, we need to closely monitor the upcoming market rhythm.