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Insperity, Inc. Message Board

  • investmentchange investmentchange Apr 30, 2013 10:40 AM Flag

    Economy & Employment continue losing momentum

    Recent April 29 report below indicates it might be a good time to observe PEO & Staffing stocks rather than participate.

    "The loss of momentum in the U.S. economy has been palpable, but what looks to be a soft patch in yet another 2 percent year for real economic growth now has the potential to morph into something more painful," RBC Capital Markets economists Tom Porcelli and Jacob Oubina said in a report.

    In such an environment, companies unable to expand their top lines (revenue) likely will focus on cutting expenses to achieve profits.

    "What is important to consider on the back of these results is that employment tends to become the victim of a disappointing revenue backdrop," RBC said. "In other words, headcount tends to become the focus in any effort to extract savings and boost bottom line results."

    That's significant considering the market gets its first look at April hiring trends Friday when the government releases its nonfarm payrolls report.

    Sentiment: Sell

 
NSP
30.25-0.20(-0.66%)Oct 29 4:00 PMEDT

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