U.S. Department of Labor data shows that initial jobless claims in the U.S. fell to 196,000 for the week ending September 12, a decrease of 10,000 from the previous week, marking one of the lowest levels since 1969. Continuing jobless claims dropped to 1.73 million, the lowest since January 2024. Bloomberg economist Eliza Winger stated that initial claims data continues to show limited layoff pressure, but further tightening by the Federal Reserve could weaken the currently relatively stable labor market. The current job market exhibits a "low layoffs, low hiring" pattern, with stability stemming more from the retention of existing positions rather than the expansion of new ones.