The U.S. Department of Labor just released data showing that for the week ending January 10th, initial unemployment claims reached 198,000, significantly below the market expectation of 215,000. At the same time, previous data was also slightly revised upward, with the initial 208,000 adjusted to 207,000.

What signals does this set of data convey? The U.S. labor market remains resilient, with the number of unemployment benefit claims decreasing month-on-month, indicating that layoffs are easing. For macro-focused crypto investors, such economic data directly influences the Federal Reserve's policy direction, which in turn affects the overall trend of risk assets. Better unemployment data suggests that the economic fundamentals are not as weak, often boosting market confidence in risk assets (including cryptocurrencies).