Business Services | Second Quarter 2016

August 2016 – For the second quarter of 2016, the SCA Business Services Index decreased by 1.5% compared to an increase of 1.3% for the S&P 500. The Business Services sector’s overall underperformance relative to the broader market was driven by concerns over slowing economic growth, particularly in the areas of staffing and employment related services. This continues a year-long trend of month-over-month deceleration in temporary staffing growth and a decline in the temporary staffing penetration rate.
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December 2, 2016