Job Gains Lure Investors to Employment-Services Stocks: EcoPulse
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Employment-services companies are attracting investors who are betting the U.S. labor market will keep up its steady pace of job creation.
The Standard & Poor’s Supercomposite Human Resources & Employment Services Index -- which includes Robert Half International Inc. and Manpower Inc. -- has risen 19 percent since Oct. 15, compared with a 1.5 percent increase for the S&P 500 Index. The outperformance coincides with nonfarm payroll data for October and November that exceeded economists’ forecasts.