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Join TradeAlgo's Free Live Trading SessionâÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Hello investor, Pressure on the U.S. job market is building up, though at a moderate pace. March 8th, 2024 Summary - The initial jobless claims for the week ended March 2, 2024 were unchanged from previous week. One point to note is that the initial claims for the previous week were revised up from 215,000 to 217,000. - Moving forward, we expect the jobless claims to head up amid the ongoing cut in manpower cost by businesses. - Equity highlight overview: Economic Data: Latest Weekly Initial Jobless Claims: For the week ended Mar 2, 2024: 217,000 / No Change Week-on-Week Weekly Continued Jobless Claims: For the week ended Feb 24, 2024: 1,906,000 / +8,000 Week-on-Week - Initial jobless claims were unchanged week-on-week for the week ended March 2. The claims for the previous week ended February 24 were revised up from 215,000 to 217,000. - Meanwhile, the continued jobless claims (by those who are still unemployed for the week after claiming for the first time the previous week) rose 8,000 week-on-week for the week ended February 24. This was a further week-on-week increase after posting a 38,000 rise the week before. Economic Data: Outlook - Weekly initial jobless claims are expected to move on an uptrend, though the pace may be gradual. The continued jobless claims will continue to be northbound which has already started since January 6. - Rising operating costs (largely due to the price uptrend of oil and non-oil commodities) and tough economic conditions are forcing businesses to cut costs and streamline their operations. Unfortunately, salary is one of the largest cost components of a company. Hence, we expect the cut in manpower to persist. - A sector may absorb the layoffs from another sector but there is always a limit that a sector can take in workers from elsewhere. This is more so when the skill set requires years of hand-on experience. - As such, pressure on the job market will continue to build up, though at a moderate pace. Impact on Equities - Equity Highlights (based on financial and market data @ March 7, 2024): - The affected stocks that are undervalued (P/E lower than the sectorâs P/E) include: [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( â â â © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](