California minimum wage increased from $8 to $9 an hour. This shows up as an increase in the revenue of PES firms like BBSI. Of course not everyone is earning minimum wage, but raising the minimum tends to raise overall earnings. And assuming its costs stay the same, the profitability of BBSI will jump. That's how the accounting math works out.
The state mim. wage will increase another buck next year, so this is a multi-year "trend".
On 7/2 about 8 form 4's were filed, but I clicked on most of them and they seemd to be all just awards of restricted stock witih no actual purchasing of them. Nonetheless the stock has been up, up and away on 7/2 and 7/3 so... actually the stock is up from $46 to $54.71 just this week. ... and a 4-day week at that.