US Jobs Report: September Non-Farm Payrolls Rise 119k, Unemployment Up to 4.4% Amid AI-Driven Weakness and Policy Uncertainty

COINOTAG News, November 20. In the United States, the latest non-farm payrolls data shows September momentum, yet the unemployment rate has risen to 4.4%, underscoring a still-fragile labor market and shaping the near-term macro backdrop for crypto markets.

BLS figures indicate September payrolls advanced by 119,000 after an August revision of −4,000, versus economists’ call for a roughly 50,000 gain. Analysts emphasize that monthly job growth of 30,000–50,000 remains well short of the ~150,000 pace needed by 2024.

The uptick in artificial intelligence adoption is dampening demand for entry-level roles, pressuring new graduates and influencing the risk-off sentiment that often drives crypto markets during periods of uncertain hiring.

Additionally, ongoing policy uncertainty around trade policy can temper business hiring and alter capital flows into digital assets, reinforcing cautious positioning for investors in the crypto markets.