According to the latest report, the U.S. labor market remains relatively stable. Jefferies economist Thomas Simons pointed out in his latest analysis that the current data on initial jobless claims does not show signs of a rapid deterioration in the labor market.

Simons stated that in recent months, the data on initial and continuing claims for unemployment benefits has shown a sideways fluctuation, indicating that layoffs by companies remain relatively limited. He emphasized that the labor market continues to exhibit characteristics of "neither large-scale hiring nor large-scale layoffs."

It is worth noting that the latest unemployment claims data corresponds exactly to the statistical period of the August non-farm payroll report, which is expected to be released in early September. Simons further analyzed that since the reference week in July, the number of initial unemployment claims has increased by 14,000, but the four-week moving average has decreased by about 5,000.

The data indicates that despite the uncertainty in the economic environment, the U.S. job market still shows a certain degree of resilience. However, experts need to closely monitor changes in employment data over the coming months to more accurately assess the long-term trends and potential risks in the labor market.