US Jobless Claims Rise To 200,000 — Labor Market Weak Or Still Strong?
US jobless claims rise to 200,000. Is the labor market weakening, or still strong?
Initial claims rose 9,000 to a seasonally adjusted 200,000 for the week ended Nov 7, the Labor Department said on Thursday. Economists expected 195,000, so it came in 5,000 above forecast. Previous week was revised to 191,000.
But do not panic yet. The four-week moving average was unchanged at 195,250. Claims have stayed at or below 200,000 since mid-September, and remain close to 189,000 touched in mid-July, the lowest since 1969.
That means the labor market is not crashing, it is tightening. Fewer people are losing jobs, but hiring is also slow.
Why does this matter for crypto? Strong jobs = Fed has less reason to cut, and December hike stays on the table. Weak jobs = Fed can ease.
So is this rise a warning, or just noise?
Comment: WARNING or NOISE? Best comment gets shoutout.
#Jobs #JoblessClaims #Fed #Bitcoin #BinanceSquare#usjoblessclaimsrise
US jobless claims rise to 200,000. Is the labor market weakening, or still strong?
Initial claims rose 9,000 to a seasonally adjusted 200,000 for the week ended Nov 7, the Labor Department said on Thursday. Economists expected 195,000, so it came in 5,000 above forecast. Previous week was revised to 191,000.
But do not panic yet. The four-week moving average was unchanged at 195,250. Claims have stayed at or below 200,000 since mid-September, and remain close to 189,000 touched in mid-July, the lowest since 1969.
That means the labor market is not crashing, it is tightening. Fewer people are losing jobs, but hiring is also slow.
Why does this matter for crypto? Strong jobs = Fed has less reason to cut, and December hike stays on the table. Weak jobs = Fed can ease.
So is this rise a warning, or just noise?
Comment: WARNING or NOISE? Best comment gets shoutout.
#Jobs #JoblessClaims #Fed #Bitcoin #BinanceSquare#usjoblessclaimsrise
