Weekly Market Recap – March 11, 2024

The U.S. economy has seen a significant normalization in labor demand since the pandemic. Last week’s JOLTS
report showed 8.9M job openings in January 2024, a 27% fall from the peak of 12.2M openings in March 2022. With the
economy expected to soften further this year, labor demand in most sectors will continue to moderate. However, pandemic-related distortions and structural factors have kept openings in some sectors elevated.

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