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Staffing revenue falls by median 3% year over year in latest Pulse survey

March 27, 2023

Staffing revenue fell by a median 3% year over year in February among staffing firms taking part in Staffing Industry Analysts’ latest Pulse Survey. That is a turnaround from an increase of 11% year over year in the previous Pulse survey for December.

Still, some staffing segments posted growth in February. Locum tenens revenue rose by a median 21% year over year, while allied healthcare revenue rose 10%. Finance/accounting and engineering/design rose by a median 5% each. IT staffing revenue rose by a median 4%.

On the other hand, travel nurse revenue fell by a median 21% year over year. Industrial fell by 3%.

This month’s survey also asked staffing firms if they laid off internal staff or temporary workers. Overall, 27% reported laying off internal staff, while 42% laid off temporary workers.

In total, 172 staffing firms took part in the Pulse survey.

A report that includes selected highlights from the Pulse survey is available to corporate members of SIA. Companies that took part in the survey are able to access the full 41-page Pulse report. It contains insights on trends in revenue, bill rates, orders, gross margins and recruiting/sales difficulty as well as a six-month outlook for each staffing skill segment.

For information on participating in the next survey, contact SIA Senior Research Analyst Curtis Starkey at cstarkey@staffingindustry.com.