3 Staffing Stocks in Focus as Labor Market Remains Resilient

The labor market has cooled from its 2023 highs but remains on solid ground, with thousands of jobs being added to the economy every month. Higher consumer spending and a resilient jobs market have posed major challenges for the Federal Reserve in its fight against sky-high inflation.Higher interest rates have rattled the jobs market. The Bureau of Labor Statistics said on Apr 5 that nonfarm payrolls jumped by 303,000 in March, a lot higher than the consensus estimate of an increase of 200,000. This was als ...