This week, the US initial jobless claims data was released—19.9 million, hitting the lowest level since late November. This figure is below the market expectation of 220,000, and the previous data has also been revised to 215,000.

It appears that the pressure in the labor market is easing, but what does this mean for traders? Weakening unemployment claims data usually suggest a cooling job market, which can influence Federal Reserve policy considerations. In the current economic cycle, such data changes often trigger fluctuations in major asset classes—from stocks to the crypto market—potentially causing reactions.

Those who pay attention to these economic indicators understand that the resilience of the labor market directly affects the pace of overall asset allocation.