🚨 US JOBS DATA JUST GAVE BTC BULLS A LITTLE BREATHING ROOM… BUT FRIDAY IS THE REAL TEST. 👀
August ADP employment came in at just 38K, missing expectations of 48K and marking the weakest growth since January.
That’s a clear sign the U.S. labor market is starting to cool. 📉
Here’s what stands out:
① Hiring momentum is fading across manufacturing and professional services.
② Wage growth for lower-paid workers has lost momentum, slipping below pre-pandemic levels.
#DailyOrbit