The September jobs report typically would have been published in the first week of October, but was delayed till now due to the government shutdown.
The soft numbers not only cement the case for a Fed rate cut later this month, but likely put a 50 basis point move on the table versus the previously expected 25.
The unemployment rate remained steady at 4.2%, also matching economist forecasts.
Following weeks of turbulence, a shift in sentiment sparked a notable crypto rally coinciding with CoinDesk's Consensus conference in Toronto, creating an atmosphere of optimism and good vibes, says CoinDesk Indices’ Andy Baehr.
Bitcoin has been showing very faint signs of resilience as markets tumble in response to tariffs.
The unemployment rate fell to 4%, rather than holding steady at 4.1%.
Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows.