Weekly Market Recap – March 13, 2023

Chart of the Week 03-13-2023

Despite many layoff announcements, the recent unemployment rate and job openings figures, 3.6% and 10.8m
respectively, continued to signal tightness in the labor market. Beneath the surface, there is actually less strength
than meets the eye with wages failing to keep pace with inflation the past 23 months.

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