The latest jobless claims data just dropped, and it's wild—we're looking at numbers that haven't been this low in 56 years.
Only once since 1969 have we seen better figures, and that was back in 2022 when the reading came in just 2,000 claims lower. Beyond that? You'd have to rewind all the way to September 1969 to find comparable strength in the labor market.
This kind of employment resilience could have serious implications for Fed policy and risk assets moving forward.
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DeadTrades_Walking
· 17m ago
Wait, is such a low unemployment rate really a good thing? It feels like the Fed will be cornered.
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DeFiDoctor
· 12-04 23:55
The consultation records show that the labor force indicators look good, but this data needs to be reviewed regularly—if employment is too tight, it actually becomes a risk signal, and the Fed will probably have to tighten policy.
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MEVSandwichVictim
· 12-04 23:53
Wait, is the unemployment data being this good really a good thing? Something feels off.
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BottomMisser
· 12-04 23:46
Lowest in 56 years? The Fed must be panicking, looks like rate hikes will have to continue...
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SellLowExpert
· 12-04 23:46
Wait, is this data real? Feels like Bitcoin is about to win big...
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TopBuyerBottomSeller
· 12-04 23:45
Lowest in 56 years? Wait, what does this mean... The Fed has to hold on, otherwise this wave of assets is going to skyrocket.
The latest jobless claims data just dropped, and it's wild—we're looking at numbers that haven't been this low in 56 years.
Only once since 1969 have we seen better figures, and that was back in 2022 when the reading came in just 2,000 claims lower. Beyond that? You'd have to rewind all the way to September 1969 to find comparable strength in the labor market.
This kind of employment resilience could have serious implications for Fed policy and risk assets moving forward.