Initial claims for US unemployment benefits came in at 215,000 for the latest reporting period, barely budging from the prior week’s 217,000.
The numbers behind the non-event
The 2,000-claim decline keeps the four-week moving average parked in the low-to-mid 210,000s, a range that has held remarkably steady through late June and early July. Claims briefly ticked up to 226,000 in mid-June, a reading that came in slightly above forecasts. Even that modest spike didn’t signal any meaningful deterioration.
The June non-farm payroll report showed the US economy added 57,000 jobs, a figure that exceeded most forecasts.
Why a flat labor market moves crypto prices
