According to CoinMeta, the number of people claiming unemployment benefits in the United States at the beginning of the week on November 7 reached 200,000, higher than market expectations. This data directly shattered the illusion of a continuously tight labor market, indicating a substantial cooling in job demand and weakening the rationale supporting economic overheating. It provides a practical basis for the Federal Reserve to slow down its tightening measures. The market will re-evaluate the fragility of the labor market, thereby revising its aggressive pricing assumptions regarding high interest rates. This data marks a structural shift in the balance between supply and demand in the labor market, exerting direct pressure on subsequent monetary policy adjustments.