BlockBeats news, on August 21, Jefferies economist Thomas Simons wrote in a report that the initial claims data did not show that the labor market is rapidly weakening. 'The horizontal fluctuations in initial and continuing claims in recent months indicate that layoff activities remain limited. The labor market's characteristic of 'not hiring/not firing' remains firmly in place.' The latest unemployment claims data corresponds to the reference week of the August non-farm payroll report, which will be released in early September. Simons pointed out that since the reference week in July, the number of initial claims has increased by 14,000, but the four-week moving average has decreased by about 5,000. (Jinshi)