According to PANews, new labor data has alleviated fears of an economic collapse as initial jobless claims have decreased and remained within a range for several months, indicating that businesses are retaining employees. Skyler Weinand of Regan Capital stated in the report, 'A cooling labor market does not mean we are entering a recession.' He added that since last Friday's disappointing July employment report, the declines in the stock market, Treasury yields, and the dollar have been overly exaggerated. Despite recent calls for aggressive monetary easing, the economic conditions still provide the Federal Reserve with room to remain on hold, and the market has completely ruled out this possibility. He advised maintaining calm.