The Coronavirus pandemic is eliminating American jobs at an unprecedented pace. However, layoffs aren’t happening across the board. In fact, a spike in demand for essential products and services has sent some employers on a hiring spree, creating labor market churn which could benefit some staffing companies. This is one sector for investors to watch. The stocks in the group have been pummeled so badly that there’s plenty of upside for when the economy returns to hiring mode.
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