November's U.S. jobs report came in hotter than expected. The unemployment rate climbed to 4.6%, edging up from October's 4.4% and slightly overshooting the 4.5% forecast. This uptick signals a cooling labor market, which typically tightens the Fed's policy consideration and could influence rate decisions. For crypto investors, rising unemployment often correlates with increased volatility in risk assets—watch how markets digest this shift in economic momentum.