Stocks of staffing-related companies are rising

Investors appear optimistic about the U.S. labor market ahead of March employment figures scheduled for release today. Shares of staffing-related companies jumped 9.7 percent in March, the biggest gain since 2013. The Standard & Poor’s Supercomposite Human Resources & Employment ServicesIndex, composed of Robert Half International Inc., ManpowerGroup Inc. and eight others, leads its benchmark gauge by 6.7 percentage points since the measure hit a low in February. While these companies benefit largely from demand for temporary workers, their stock performance is influenced by total job gains. Economists surveyed by Bloomberg estimate U.S. employers added205,000 workers in March, compared with 242,000 the previous month.


 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance