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BlockBeats News, December 31, Citi economists stated that the decline in unemployment claims before and after the holidays should be viewed with caution. During the week of Christmas, the number of people applying for unemployment benefits dropped from 215,000 to 199,000, while forecasters had expected 220,000. Citi noted: "Seasonal adjustment issues during this year's holiday week seem to be more severe than usual, and a more reliable signal from initial unemployment claims data may not appear until later in January." However, the data shows that layoffs remain at a low level. Citi expects non-farm payrolls to increase by 75,000 in December, with this data to be released next week. Citi also stated: "But we still expect the unemployment rate to rise to 4.7%, partly because the labor force participation rate is rising again." (Golden Ten Data)

BlockBeats News, December 31st, a Citigroup economist said that the decline in initial jobless claims around the holiday should be taken with a grain of salt. During the week of Christmas, initial jobless claims dropped from 215,000 to 199,000, while forecasters expected 220,000. Citigroup stated: "Seasonal adjustment issues around the holiday weeks this year appear to be much more acute than usual, and more reliable signals from initial jobless claims may not come until later in January." However, data shows that layoffs remain at low levels, and Citigroup expects the addition of 75,000 non-farm payrolls in December, with this data set to be released next week. Citigroup also stated: "But we still expect the unemployment rate to rise to 4.7%, in part because of a pickup in the labor force participation rate." (FXStreet)

U.S. Ohio Representative Warren Davidson stated that the core value of bitcoin lies in its role as a "permissionless peer-to-peer payment system," enabling individuals to have direct control over their funds without relying on third parties and allowing for rapid asset transfers. Last month, Warren Davidson introduced the "Bitcoin for America Act."