The US labor market continues to send positive signals. As of the week ending January 3rd, initial unemployment claims dropped to 208,000, not only below the market expectation of 210,000 but also further down from the previous figure of 200,000. What does this data convey? Economic resilience remains, and the employment market still maintains relative stability. For the crypto circle, improving unemployment data often means limited room for the Federal Reserve to cut interest rates, and the strength of the US dollar may be sustained, which can affect the capital flow into risk assets. Continued attention to weekly initial claims data trends is necessary.