5 Staffing Stocks to Gain as Labor Market Remains Hot

Interpreting labor market data at the beginning of each year is problematic. This is because many temporary workers are hired to meet the huge demand during the holiday shopping season, and once the demand wanes, companies declare job cuts.Nonetheless, January’s labor report indicates that hiring remained healthy despite elevated interest rates, and the economy is insulated from an impending recession.The Bureau of Labor Statistics stated that nonfarm payrolls increased by 353,000 in January, way more than ...