The number of new jobs added in the United States in September was 29000, lower than the expected 90000, and the unemployment rate rose to 4.2%.
AI interpretation: The significantly lower than expected employment growth and rising unemployment rate directly reveal that the US labor market is undergoing a significant cooling process. This data breaks the previous market's overly optimistic expectations for employment resilience and clearly points to a weakening of economic growth momentum. The weak employment performance forces the Federal Reserve to reassess the tightening path of monetary policy to prevent the economy from falling into recession. The market will quickly revise its expectations of interest rate cuts and increase its bets on the Federal Reserve adopting more aggressive easing policies.
On September 30th, a large amount of dormant ETH was transferred, and Age consumption reached 580 million token days, the highest level since June 2nd. On that day, the exchange supply increased by about 18000 ETH, and decreased by about 21000 ETH the next day. In comparison, on June 2nd, the exchange balance changed by more than 140000 ETH. （Santiment）
