Initial Jobless Claims & Labor Market Watch

[cryptobro]

Thursday brings initial jobless claims, a key gauge of the US labor market. Federal worker claims have spiked +121% week-over-week, hitting levels not seen since the 2019 shutdown.

Continuing claims also rose +9%, reaching a 3.5-year high, highlighting strain on employment amid the government shutdown.

For crypto and risk assets, these numbers matter: a weaker labor market could influence Fed policy expectations and drive short-term volatility.

[Nahid Hossen]

Jobless claims staying low shows how resilient the economy still is.

[EmTeam]

If claims rise next week, it could pressure the Fed to ease up on rates.

[Couturier]

Good insights jobless data swings like this always ripple into Fed sentiment and risk markets. If next week softens further, rate cuts could come sooner than expected