U.S. jobless claims fell last week, painting an interesting picture of the labor market. On the surface, hiring has been cooling, but employers aren't rushing to cut headcount either. This resilience matters more than you'd think. When layoffs stay contained despite softening recruitment, it typically signals the economy isn't in freefall—just downshifting. For crypto traders watching macro conditions, this kind of labor market stability tends to keep risk appetite from completely evaporating. It's the sweet spot between avoiding recession signals and not overheating the Fed's inflation concerns.