Signs of cooling in the U.S. labor market as the number of unemployment benefits claims rises
2026-09-03 20:38:08
According to CoinMeta, there are signs of a cooling down in the U.S. labor market. The latest data shows that the number of unemployment claims is 206,000, slightly higher than the expected 205,000, and an increase from the previous figure of 203,000. Meanwhile, the number of employed people is 38,000, which is lower than the expected 47,000. This double setback increases the likelihood of a Federal Reserve interest rate cut, which could boost the stock and crypto markets, while putting pressure on Treasury yields and the dollar. The employment report on Friday will still be a key driver for the market.
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