New economic data this morning hurt most markets.

Since yesterday afternoon, the price of Dogecoin ( DOGE -7.27% ) has traded roughly 4.5% lower, as of 11:31 a.m. ET today. There is no obvious reason behind the move, but it may have to do with new economic data this morning that is indicative of a strong economy.

Why good news is bad

Weekly jobless claims for the week ending Sept. 20 came in at 218,000 on a seasonally adjusted basis. That's down 14,000 from the prior week and below estimates of 235,000. Jobless claims show people who filed for unemployment benefits for the first time.

Additionally, the U.S. Commerce Department released the final estimate for second-quarter gross domestic product (GDP) , adjusting it higher by a half point to 3.8%, due to higher consumer spend

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