According to Bloomberg calculations, last week 215 thousand applications for unemployment benefits were filed in the US — less than expected, even though part of the official statistics is delayed due to the shutdown.
Such data distortions amid the government shutdown once again remind us how fragile economic indicators can be — especially for markets.
The US labor market ignores the shutdown: unemployment numbers are falling
Despite the shutdown, the American labor market is not losing momentum. According to Bloomberg, last week the number of unemployment benefit claims dropped to 215 thousand. This is below forecasts.
At the same time, the figures remain incomplete: statistics from Arizona, Massachusetts, Nevada, and Tennessee simply weren’t collected in time. Instead, average values from previous weeks were used. Usually, such reports have a serious impact on macroeconomics, but the crypto market, it seems, didn’t even flinch — everything is calm.
The decrease in the number of claims indicates stability, but the lack of an official report still adds uncertainty. This may affect market participants’ sentiment.
“Even taking the shutdown into account, the adjusted data shows about 215 thousand initial claims for benefits for the week ending October 11,” noted John Doe, a Bloomberg analyst.
The crypto market remains stable amid changes in US labor statistics
During previous shutdowns in the US, unemployment data often caused increased volatility in the bond market. Now it’s different: despite the decrease in claims, cryptocurrencies are reacting calmly.
See also: MrBeast launches a crypto bank — what could go wrong?
As of October 17, 2025, Bitcoin (BTC) is trading at $105,974.71 with a total market capitalization of $2.11 trillion. Its market share is 59.31%. At the same time, daily trading volume increased by 60.66%, although the price fell by 4.49% during the day, according to CoinMarketCap. There are 19,935,928 BTC in circulation.
Daily Bitcoin chart. Source: CoinMarketCap
Forecasts regarding the US shutdown still differ greatly, so it’s too early to talk about a clear economic picture — uncertainty remains high.
