U.S. Unemployment Rate Rises to 4.6% in November

The U.S. unemployment rate increased to 4.6% in November 2025, as reported by the Bureau of Labor Statistics, marking the highest level since September 2021.

This rise signals potential economic concerns as federal job cuts continue, though no direct cryptocurrency market impacts have been observed.

Unemployment Climbs to 4.6% with Historical Parallels

The U.S. Bureau of Labor Statistics reported the unemployment rate rose to 4.6% in November, the highest since September 2021. In total, 7.8 million people were unemployed, showing a slight increase from the previous months. The report noted moderate job growth despite federal job cuts. Historically, similar employment shifts have occurred, including during President Trump’s administration.

The increase in unemployment parallels past presidencies during their initial terms, with statistics showing similar early-term economic challenges for six presidents since 1953. Nixon and Ford saw notable rises, while Obama’s tenure marked the highest midterm seat losses, unrelated to unemployment.

Market reactions remain subdued as no major changes or impacts on cryptocurrencies, including Ethereum and Bitcoin, have been linked to this economic data. Despite some public interest, official sources reported no relevant statements from figures such as Vitalik Buterin or Arthur Hayes. The BLS official report states:

“In November, both the unemployment rate, at 4.6 percent, and the number of unemployed people, at 7.8 million, were little changed from September.”

Ethereum’s 4.74% Decline Amid Economic Shifts

Did you know? A pattern observed shows that presidents experiencing unemployment rate increases often face political challenges, impacting subsequent midterm elections.

Ethereum (ETH), priced at $2,814.70, observed a 4.74% drop within 24 hours as of December 17, 2025, according to CoinMarketCap data. With a market cap of $339.72 billion, ETH’s price noted more pronounced declines over longer periods, including a 38.76% drop over 90 days.

Insights from the Coincu research team suggest potential future economic adjustments could affect regulatory frameworks, emphasizing broader market stability. A well-informed approach is essential to mitigate risks associated with fluctuating unemployment and technological disruptions. According to a flash report by the St. Louis Fed, the unemployment “gradual but steady ascent” has not directly linked to crypto sentiment.