Wednesday, January 15, 2014

US Employment Services Corps Average Stock Prices up 396% Under Obama

From a review of SEC Filings , I found 10 US Employment Services Corps which generated Core, Ongoing Pretax Income of at least $40 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading on both March 6, 2009, very early in President Obama's first term, which was their low point resulting from the 2008 financial meltdown, and also trading on yesterday January 14, 2014.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 10 US Employment Services Corps had their average stock prices increase by an off-the-charts 396% from March 6, 2009 to January 14, 2014.

Clearly, the stockholders and employees of these US Employment Services Corps must be extremely pleased with the impact of actions taken by both the Obama Administration and the US Fed to rescue the US economy, which was in serious trouble after the financial meltdown hit late in President Bush's second term in 2008.

But frankly, there is something wrong with the US economy when these US Employment Services Corps can get such incredible stock price appreciation, driven by their exceptional earnings growth, while at the same time, they are deriving these profits predominantly from the work done by the middle and lower classes, who are still suffering severely from the US economy, which is benefiting mostly the very wealthy.

There has to be a fairer sharing of the fruits of the US economy.  The US Employment Services Corps are disproportionately receiving the economic benefits.  The people they get hired on frequently a temporary basis are clearly being shortchanged economically.

And all US Big Corps should reverse their greedy policy of using so many temporary, part-time, and independent contractor workers.  It is an outrage.....clearly an unpatriotic "Profits over People" strategy.

But also the US Government needs to do a better job in reviewing and correcting the practice of so many companies of classifying many of their clearly employees as independent contractor workers.  

Below here are the common stock market closing prices of each of these 10 US Employment Services Corps at both yesterday's close January 14, 2014 and also on March 6, 2009, as well as the percentage stock market price changes for this period of time.
 


Market Market Percentage

State Price Price Increase

HQs 1-14-14 3-6-09 (Decrease)
Employment Services



On Assignment CA             33.01              1.44 2192%
TrueBlue WA             26.64              6.17 332%
Kelly Services MI             24.80              6.30 294%
Kforce FL             19.86              5.59 255%
ManpowerGroup WI             84.90             24.19 251%
Korn/Ferry CA             25.17              8.30 203%
Robert Half CA             41.04             14.41 185%
Teletech Holdings CO             23.03              8.66 166%
Insperity TX             33.79             18.94 78%
Monster Worldwide NY              6.70              6.22 8%





Average % Increase all 10


396%