According to @charliebilello, US initial jobless claims have fallen to their lowest since August, signaling fewer new unemployment insurance filings and an improving near-term backdrop (source: @charliebilello, X, Nov 28, 2025). He notes that while the labor market has been cooling, this print is a good sign and in a recession claims would be trending higher, suggesting the current move is not recessionary (source: @charliebilello, X, Nov 28, 2025). For traders, the author’s non-recessionary read on claims reduces immediate recession signaling and can underpin risk appetite in rate‑sensitive risk assets, including BTC and ETH, when positioning around macro data (source: @charliebilello, X, Nov 28, 2025). A short video overview from the author provides additional context on the claims trend (source: @charliebilello, YouTube link shared on X, Nov 28, 2025).