U.S. labor market showed mixed signals in recent months. November brought 64,000 new jobs—a modest gain by recent standards. But October told a different story: 105,000 positions vanished as federal workforce contracted following administration budget cuts. The divergence highlights ongoing volatility in employment trends. For crypto market participants watching macro indicators, these employment swings matter. Weaker job growth typically signals economic uncertainty, which often shifts investor sentiment toward alternative assets. The federal sector pullback particularly signals potential fiscal policy shifts ahead—something worth monitoring for broader market implications.