U.S. unemployment data releases positive signals, economic resilience is expected to support a rebound in risk assets

【Crypto World】Good news comes from the US labor market. Last week, the number of first-time unemployment claims was 214,000, lower than the market expectation of 223,500, indicating that the employment market is still absorbing labor. More notably, as of the week ending December 13, the number of people continuing to claim unemployment benefits was 1.923 million, also below the expected 1.9 million.

This set of data is quite interesting—new unemployment claims are decreasing, and the number of ongoing claims is also declining, reflecting the overall resilience of the US employment market. For the crypto market, this means expectations of a soft landing are strengthening, and the fundamentals supporting risk assets are also improving. The Federal Reserve’s policy space judgment will also be adjusted accordingly, thereby influencing the liquidity environment. During this end-of-year period, such data will directly impact market pricing of the easing cycle next year.