Business Services | First Quarter 2020

May 2020 – After outperforming the broader markets during the first two months of 2020, the SCA Business Services Index was significantly impacted by the COVID-19 economic lockdowns, declining by 25.7% for the First Quarter of 2020. While all sectors of Business Services experienced material declines, the Professional Staffing sector was particularly impacted, with the index of public staffing companies declining by one-third as companies across all industries furloughed employees at all levels.

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