ME News reports that, on June 18 (UTC+8), the number of initial jobless claims in the U.S. last week decreased by 4,000 to 226,000, indicating that the labor market remains in a “low-layoff” state. Data released by the U.S. Department of Labor on Thursday also showed that continuing claims rose to 1.81 million in the prior week. Despite energy price shocks triggered by the Iran conflict, May’s stronger-than-expected employment report revealed that U.S. employers added 172,000 jobs, further underscoring the resilience of the labor market. (Source: ChainCatcher)
U.S. Initial Jobless Claims Fall to 226,000, Demonstrating Labor Market Resilience
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Summary
U.S. initial jobless claims dropped to 226,000 for the week ending June 14, indicating a stable labor market. On-chain data shows continued confidence in employment trends, with continuing claims rising to 1.81 million. Despite geopolitical tensions, job gains in May reached 172,000, reinforcing market stability. Traders are advised to monitor altcoins in light of shifting macroeconomic signals.
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