潘森宏观：初请数据下降或掩盖就业市场真实疲态

Core Viewpoint - The decline in initial jobless claims may mask the true weakness of the labor market, as highlighted by Oliver Allen from Pantheon Macroeconomics [1] Group 1: Labor Market Analysis - Despite the decrease in initial jobless claims, the labor market's weakness may not be accurately reflected due to seasonal adjustments affected by summer maintenance shutdowns in auto factories [1] - The current level of continuing claims for unemployment benefits remains high, indicating a slow but steady deterioration in the labor market [1]