#数字资产市场洞察 The US labor market took a sharp brake. The November unemployment rate soared to 4.6%, a high not seen since September 2021, over four years ago. Bad news? Absolutely.

For four years, US employment has actually been quite good, with the unemployment rate steadily declining as the pandemic eased. But this wave not only reversed that trend but also hit a new high. Where is the problem? Traditional employment sectors like manufacturing and retail are starting to cut back, with waves of layoffs from companies, and new job creation simply can't keep up with labor market demand.

What does this mean for ordinary people? Job hunting becomes more difficult, income stability is in question, and consumer confidence is cooling down.

Interestingly, the Federal Reserve is now caught in a dilemma—continue tightening policies to control inflation, which could further suppress economic vitality and push the unemployment rate higher; or shift to easing to stimulate employment, risking a rebound in inflation. The classic dilemma of choosing between fish and bear's paw.

All market participants are now watching upcoming employment data and policy signals. Whether the 4.6% figure is just a short-term fluctuation or a new normal remains to be seen. This uncertainty itself could have a greater impact on asset prices than any single data point.