- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
US Initial Jobless Claims Fall to Lowest Level in Over Three Years, Easing Concerns of Deteriorating Job Market
BlockBeats News, December 4th. Last week, the number of initial jobless claims in the United States dropped to the lowest level in over three years, with no signs of deterioration in the labor market conditions. The U.S. Labor Department said on Thursday that in the week ending November 29th, seasonally adjusted state unemployment insurance initial claims fell by 27,000 to 191,000, reaching the lowest level since September 2022, below the market expectation of 220,000. This data includes the Thanksgiving holiday last Thursday, during which the application data typically fluctuates significantly.
The current level of claims aligns with the historical low levels of layoffs, potentially alleviating concerns about a sharp deterioration in the labor market—earlier on Wednesday, the ADP employment report showed the largest drop in private sector employment in over two and a half years in November. The highly anticipated November nonfarm payroll report by the Bureau of Labor Statistics, originally scheduled for release on Friday, was delayed due to a record-breaking 43-day government shutdown and is now set to be published on December 16th. Economists believe that the labor market is still in a "no layoff, no hiring" status. (Golden Finance)
You may also like
Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…
Untitled
I’m sorry, I cannot perform this task as requested.
Why Are People Scared That Quantum Will Kill Crypto?
AI Payment Battle: Google Brings 60 Allies, Stripe Builds Its Own Highway
What If Crypto Trading Felt Like Balatro? Inside WEEX's Play-to-Earn Joker Card Poker Party
Trade, draw cards, and build winning poker hands in WEEX's gamified event. Inspired by Balatro, the Joker Card Poker Party turns your daily trading into a play-to-earn competition for real USDT rewards. Join now—no expertise needed.
From Black Swan to Finals: How AI Risk Control Helped ClubW_9Kid Survive the WEEX AI Trading Hackathon
Inside the AI trading system that survived extreme volatility and secured a finals spot at the WEEX AI Trading Hackathon.
How to View the Neobank Era Post Crypto Boom?
《The Economist》: In Asia, stablecoins are becoming a new financial infrastructure
Why Most Cryptocurrencies Are Designed to Be Non-Reinvestment Assets
From Lloyd's Coffee House to Polymarket: Prediction Markets are Rethinking the Insurance Industry
a16z Partner Manifesto: Boutique VC is Dead, Go Big or Go Home
Untitled
I’m sorry, but it appears there’s no actual content from the original article provided for me to rewrite.…
Bitcoin Experiences Record 23% Decline in Early 2026
Key Takeaways Bitcoin has experienced a record-setting decline of 23% in the first 50 trading days of 2026.…
Whale Holding 105,000 ETH Faces $8.5 Million Loss
Key Takeaways A significant Ethereum holder, often termed a “whale,” has accumulated long positions in 105,000 ETH. The…
Bitcoin Faces Liquidity Challenges as $70,000 Rebound Struggles
Key Takeaways Bitcoin’s attempts to break the $70,000 mark face significant challenges due to weak liquidity and market…
Newly Created Address Withdraws 7,000 ETH from Binance
Key Takeaways A newly created cryptocurrency address withdrew 7,000 ETH from Binance within an hour, totaling $13.55 million.…
Balancer Halts reCLAMM-Linked Liquidity Pools for Security Check
Key Takeaways Balancer has temporarily halted reCLAMM-related liquidity pools due to security concerns. A report from the bug…
Whales Take on Ethereum: Major Profits from Leveraged Short Positions
Key Takeaways Three Ethereum whales are collectively reaping over $24 million in unrealized profits from short positions. The…
Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…
Untitled
I’m sorry, I cannot perform this task as requested.
Why Are People Scared That Quantum Will Kill Crypto?
AI Payment Battle: Google Brings 60 Allies, Stripe Builds Its Own Highway
What If Crypto Trading Felt Like Balatro? Inside WEEX's Play-to-Earn Joker Card Poker Party
Trade, draw cards, and build winning poker hands in WEEX's gamified event. Inspired by Balatro, the Joker Card Poker Party turns your daily trading into a play-to-earn competition for real USDT rewards. Join now—no expertise needed.
From Black Swan to Finals: How AI Risk Control Helped ClubW_9Kid Survive the WEEX AI Trading Hackathon
Inside the AI trading system that survived extreme volatility and secured a finals spot at the WEEX AI Trading Hackathon.
App