Rally for Office Suppliers Bucks Sluggish U.S. Job Gains: Chart

Investors have loaded up on stocks that benefit from job gains, while the U.S. labor market is off to its slowest pace of hiring year-to-date since 2009. A group of companies that provide office furniture and supplies has rallied 35 percent since Feb. 11, outpacing the Russell 2000 Index’s 22 percent gain. The advance bucks other bleak forecasts for the industry, with office vacancy rates rising and production of desks, chairs and file cabinets forecast to slow to 1 percent this year.

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