The U.S. labor market showed modest expansion in November, with nonfarm payrolls climbing 64,000 jobs while the unemployment rate held steady. This incremental growth reflects the ongoing but slowing momentum in employment, a key metric that shapes expectations around central bank decisions. For crypto market participants, such employment data carries weight—softer labor market signals often influence Federal Reserve rate decisions, which in turn affects liquidity conditions and asset valuations across digital asset markets. Traders have been closely monitoring these economic indicators as they gauge potential policy shifts that could either support or constrain market conditions heading into the final quarter of the year.