US jobless claims just dropped to 231,000 📊, beating expectations of 240,000 🤔. This marks a significant decline of 33,000 from the previous week, which saw a four-year high of 264,000 🚨. Here's the breakdown :

- lnitial Jobless Claims: 231,000 (down 33,000 from the previous week)

- Expectations: 240,000

- Previous Week's Claims: 264,000 (revised up by 1,000)

The four-week moving average also decreased by 750 to 240,000 📉. Continuing claims, which track the number of Americans receiving unemployment benefits, fell by 7,000 to 1.92 million 📊. The Federal Reserve's recent interest rate cut aims to support a slowing labor market, but economists warn that consistently high claims above 250,000 could signal deeper trouble 🔮.#USBitcoinReserveDiscussion #BinanceHODLerAVNT #BNBChainEcosystemRally #usa #Powell $BTC $ETH $APT