{"id":558061,"date":"2026-07-24T22:10:15","date_gmt":"2026-07-24T22:10:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/558061\/"},"modified":"2026-07-24T22:10:15","modified_gmt":"2026-07-24T22:10:15","slug":"jobless-claims-hit-lowest-since-the-vietnam-war-as-bitcoin-slips","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/558061\/","title":{"rendered":"Jobless claims hit lowest since the Vietnam War as Bitcoin slips"},"content":{"rendered":"\n

Initial jobless claims fell<\/a> to 187,000 in the week ended July 18, down 22,000 from the prior week’s 209,000, the Labor Department reported Thursday. <\/p>\n

That is the lowest level since 1969 and a historically low print, a sign that employers are holding tightly onto workers even as other corners of the economy soften. <\/p>\n

On paper, that is good news. For a crypto market that has spent 2026 hoping for interest-rate cuts, it is more complicated. <\/p>\n

The last time this few Americans filed for unemployment, it was September 1969, the peak of the long 1960s boom, when the economy was running hot on Vietnam-era spending and joblessness sat near 3.5%, among the lowest of the postwar era. What makes the comparison starker is scale: the U.S. labor force back then was less than half the size it is today, so 187,000 claims now represents a far smaller slice of American workers than it did 57 years ago. In short, the job market hasn’t looked this tight in more than half a century. <\/p>\n

Strong jobs data can weigh on crypto <\/p>\n

Fewer people filing for unemployment points to a resilient economy, which gives the Federal Reserve less reason to cut rates quickly. <\/p>\n

Higher-for-longer rates tend to pull money toward safer, yield-bearing assets and away from riskier ones like Bitcoin. <\/p>\n

Bitcoin (BTC) traded around $65,659 on Thursday morning, down about $200 on the day and roughly flat over the session, according to price data compiled by Fortune. The move is small, but the backdrop is not: Bitcoin sits about $53,000 below where it stood a year ago, deep in the drawdown that has gripped it through 2026. <\/p>\n

Trending on TheStreet Roundtable: XRP goes the other way <\/p>\n

XRP changed hands near $1.13, up more than 9% so far this month after opening July around $1.04, making it one of the few major assets climbing against the grain.. <\/p>\n

This story was originally published by TheStreet<\/a> on Jul 23, 2026, where it first appeared in the MARKETS<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Initial jobless claims fell to 187,000 in the week ended July 18, down 22,000 from the prior week’s…\n","protected":false},"author":2,"featured_media":558062,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46,10853,14531],"class_list":["post-558061","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel","tag-jobless-claims","tag-labor-department"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/558061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=558061"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/558061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/558062"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=558061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=558061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=558061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}