Bitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800. Claims jumped to 261,000 last week, up from 233,000 a week earlier, marking the second-highest reading of the year. While 261,000 initial claims in one week isn’t a disastrous number, it is another sign that momentum in the US labor market, which has been strong up until this point, is starting to wane. And Thursday’s jobless claims report comes after other recent US data releases have also shown cracks appearing in the US labor market. For instance, last week’s official jobs market report for May showed a surprise jump in the unemployment rate to 3.7% from 3.5%, while the 3-month average of the number of monthly job openings as per
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