November JOLTS data just came in weaker than expected. Job openings fell to 7.146M, undershooting the 7.648M forecast and the prior month's revised 7.449M reading (originally reported at 7.67M). This softening in labor market momentum could reshape expectations around Fed policy direction and credit conditions—factors that historically influence capital flows into risk assets including crypto. When job openings contract this way, it typically signals cooling economic momentum, which traders often price into both traditional markets and digital asset valuations.