According to The Kobeissi Letter, the U.S. May 2025 jobs report revealed a significant divergence between non-farm payrolls and the household survey, with a gap of 835,000 jobs (Source: The Kobeissi Letter, Twitter, June 9, 2025). Non-farm payrolls showed an increase of 139,000 jobs, while the household survey reported that 696,000 Americans lost their jobs, marking the second-largest monthly job loss recorded. This sharp discrepancy signals underlying labor market uncertainty, which could increase volatility in both traditional and crypto markets as traders reassess risk sentiment and anticipate possible monetary policy adjustments.