Last week, new signals came from the U.S. labor market - as of the week ending November 22, the number of initial claims for unemployment benefits fell to 216,000.
This figure is noteworthy as it is the lowest level since mid-April of this year. From the data trends, the U.S. job market has shown stronger resilience than expected.
The number of unemployment benefit applicants continues to decline, which usually indicates a slowdown in corporate layoffs and stable labor demand. This phenomenon may affect the Federal Reserve's assessment of the economic situation, thereby influencing the direction of monetary policy. For the cryptocurrency market, strong employment data is often a double-edged sword – it reflects economic vitality but may also delay expectations for interest rate cuts.
The data in the coming weeks will be more critical; let's see if this trend can continue.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
8
Repost
Share
Comment
0/400
notSatoshi1971
· 11-28 17:15
The unemployment benefits have decreased so much, it feels like interest rate cuts are a long way off.
View OriginalReply0
RektHunter
· 11-28 00:02
Such strong employment data, does it mean that interest rate cuts are off the table... The crypto world will have to suffer again.
View OriginalReply0
GateUser-ccc36bc5
· 11-27 19:25
With such strong employment data, will interest rate cuts be off the table? The crypto world is going to have a tough time again.
View OriginalReply0
GateUser-beba108d
· 11-26 14:24
With such strong employment data, interest rate cuts will have to be postponed... the crypto world is going to be tough for a while.
View OriginalReply0
SerumSquirter
· 11-26 14:19
The drop in unemployment data sounds good, but it might not necessarily be a good thing for the crypto world... With interest rate cuts still far away, what should I do with my assets?
View OriginalReply0
TokenomicsTherapist
· 11-26 14:12
Unemployment benefits have dropped to a new low of 8 months, which sounds good, but I'm more concerned about whether the Fed will delay interest rate cuts because of strong employment... It's truly a love-hate relationship for the crypto world.
View OriginalReply0
PumpDetector
· 11-26 14:09
21.6k? nah that's just noise before the real dump. fed's gonna keep rates sticky and btc hates that, not falling for the "strong economy" narrative again. remember 2022? we've been here before...
Reply0
BoredRiceBall
· 11-26 14:07
Wait, are we saying that if the employment data is good, the interest rate cut will be gone? Is this going to drive us crazy?
The number of unemployment claims in the United States has hit an 8-month low, showing unexpected resilience in the job market.
Last week, new signals came from the U.S. labor market - as of the week ending November 22, the number of initial claims for unemployment benefits fell to 216,000.
This figure is noteworthy as it is the lowest level since mid-April of this year. From the data trends, the U.S. job market has shown stronger resilience than expected.
The number of unemployment benefit applicants continues to decline, which usually indicates a slowdown in corporate layoffs and stable labor demand. This phenomenon may affect the Federal Reserve's assessment of the economic situation, thereby influencing the direction of monetary policy. For the cryptocurrency market, strong employment data is often a double-edged sword – it reflects economic vitality but may also delay expectations for interest rate cuts.
The data in the coming weeks will be more critical; let's see if this trend can continue.