US weekly jobless claims dropped to 209,000 for the week ending May 16, below the 210,000 estimate. Here's what it means for the Fed and crypto markets.

Despite historically low lay-offs, the labour market appears to be stuck in what economists call a ‘low-hire, low-fire’ state.

US weekly jobless claims dropped to 209,000 for the week ending May 16, below the 210,000 estimate. Here's what it means for the Fed and crypto markets.

The 4-week moving average dropped to 202,500, its lowest point since 2024, as the labor market holds in a "low-hire, low-fire" state