โก๏ธThe US labor market is signaling again
๐ New unemployment claims:
โข 210K (actual)
โข 211K (expected)
โข 205K (previous)
๐ Continuing claims:
โข 1 819K (actual)
โข 1 860K (expected)
โข 1 851K (previous)
What does this mean?
โค There are no mass layoffs โ new claims are almost not growing.
โค But the number of people who remain unemployed for a long time is still high.
โค This is a signal that the labor market is cooling slowly but steadily.
Why is this important for crypto and markets?
โค The weaker the labor market โ the higher the chance that the Fed will start lowering rates.
โค And lowering rates = more liquidity and more interest in risk assets (stocks, BTC, altcoins).
This is not a crisis, but it is not strong either.
The labor market is holding up, but cracks are already visible.
This is not financial advice.
#FOMCโฌโฉ #USACRYPTO $BTC $BNB