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Business Services | Third Quarter 2018

November 2018 – For the third quarter of 2018, the SCA Business Services Index underperformed the S&P 500 primarily as a result of a significant decline in staffing and IT consulting stocks. The sub 4% U.S. unemployment rate, as well as immigration limitations are creating investor concerns about the labor supply and ability of these firms to fill open positions and continue their growth trajectory.

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October 31, 2018