BREAKING 🚨 | U.S. Labor Market Update

U.S. Initial Jobless Claims came in at 229K, slightly lower than last week’s 232K, signaling continued resilience in the U.S. labor market. Fewer Americans filing for unemployment suggests hiring conditions remain stable despite tighter financial conditions.

Why this matters 👇

• Supports the narrative of a soft-landing economy

• Strengthens expectations that the Fed can keep rates steady longer

• Typically bullish for risk sentiment across equities and crypto

• Can add short-term support to the U.S. dollar and yields

For crypto markets, labor data like this often acts as a macro trigger: strong jobs = delayed rate cuts → volatility across majors and alts.

Traders are now watching how this feeds into: 📊 inflation data

🏦 Fed policy expectations

📈 risk-on vs risk-off flows

Keep an eye on $ETH $SOL $ASTER as macro conditions continue to shape momentum across the market.

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