Our Picks for a Grim Employment Climate--Page 3
The jobs picture isn't pretty, but some related stocks are bargains.
What Does It All Mean?
Let me reiterate that we are not forecasting employment. Economic forecasting can be perilous, and no two or three data points should be viewed in isolation. Nearly all measures have at some point falsely pointed to a recession in the past. We're also not trying to predict how the BLS will ultimately adjust the data. We're simply pointing out vulnerabilities in the current data, so that we can be prepared for what the near future might bring. With all of this in mind, we'll now analyze the impact of this environment on our employment-service companies.
Joel Bloomer does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.