The U.S. added 64,000 jobs in November, but surprisingly the unemployment rate ticked up. On the surface that sounds mixed, but here's what it means for markets: when job creation stalls and unemployment rises simultaneously, it typically signals economic cooling. This kind of data usually ripples through risk assets—including crypto. Traders often watch employment reports closely because they influence Federal Reserve decisions on interest rates and monetary policy. Whether this softening labor market triggers a policy shift could reshape portfolio allocations across traditional and digital assets.