US Business Services: Weekly Datapoints and Week Ahead

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US Business Services: Weekly Datapoints and Week Ahead

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US Business Services Equities

AmericasWeekly Datapoints and Week Ahead

Industrial Services

Joshua Chan, CFA

ASA Index Remains Strong Analyst

The ASA Staffing Index, which tracks changes in temporary and contract employment, joshua.chan@ubs.com

for the week ending 6/28 was +6.5% yoy, down from +7.5% in the prior week but still +1-212-713 9957

the second strongest yoy compare since September 2022. The rolling 4-week average Karandeep Singhania

was +6.2%, up from +5.9% in the previous week. Associate Analyst

karandeep.singhania@ubs.com

SIA Index Pauses for a Week +1-212-713 4211

The SIA Bullhorn Staffing Indicator, which tracks temporary staffing hours worked based Brianna Kamdoum

on the Bullhorn software, is undergoing technical and benchmarking updates after the Associate Analyst

closing of H1-2026. Publication of the indicator will resume in a week. brianna.kamdoum@ubs.com

+1-212-882 5027

UBS Evidence Lab US Active Job Listings Declines

According to the UBS Evidence Lab US Job Listings Monitor (> Access Dataset), which

tracks job openings across 50,000 US companies, total active job listings were -4% in

the week ending 7/4, down from -1% in the prior week. The rolling 4-week average

decline was flat yoy, down from +1% in the previous week.

Comfort Systems Investor Meetings Takeaways

Last week we published our takeaways from investor meetings with Comfort Systems

(FIX). Overall, management remained broadly optimistic regarding the demand and

margin backdrops, fueled by a continued supply-demand imbalance for construction

labor in favor of FIX. We continue to like the medium-to-longer-term setup, though note