Some analysts have pointed out that the US employment report released on January 9th for 2025 sent several signals. This year, the private sector added an average of only 61,000 jobs per month, the weakest performance since the so-called "jobless recovery" in 2003, despite the economy not being in recession. In simple terms, job growth has indeed slowed down significantly. This kind of employment market performance often influences market risk appetite, which in turn triggers chain reactions in asset allocation. For traders, such shifts in economic data usually signal a turning point in market sentiment.