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U.S. Nonfarm Payrolls Face Skepticism Amid 'Freedom Day' Tariffs and Job Losses

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U.S. nonfarm payrolls for November rose by just 64,000, missing expectations and sparking concern on the fear and greed index. Economist Justin Wolfers warned that correcting for revisions and job losses since April shows little net growth since Trump’s 'Freedom Day' tariffs. Official data may be inflated by 60,000 jobs monthly, suggesting a 40,000 monthly loss. Both public and private sectors are cooling, with layoffs and hiring stalls. Kevin O’Leary sees room for a Fed rate cut, but high inflation complicates action. California’s Newsom slammed Trump, citing rising unemployment as a 'hiring recession.' Traders are keeping an eye on altcoins to watch amid growing market unease.
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