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Last week's US jobless claims came in at 198,000—lower than what analysts had penciled in. Here's the thing: layoffs aren't accelerating, which is actually pretty significant for how we think about the macro picture right now.
Why should crypto folks care? Well, a stable labor market usually means consumer spending stays resilient. When employment holds steady like this, it affects Fed policy thinking, bond yields, and ultimately how capital flows into different asset classes—including digital assets.
The data shows the job market isn't cracking under pressure, at least not yet. This kind of soft landing narrative can shift sentiment across markets. Some traders might see it as a signal that rate cuts could slow down, while others interpret steady employment as a bullish macro signal for risk assets.
Bottom line: these employment numbers don't exist in isolation. They're part of the broader economic context that shapes where money moves next. Whether that helps or hurts crypto depends on what happens with inflation and Fed policy from here.