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Temp revenue growth rebounds, but new orders soften

June 01, 2016

US temporary staffing revenue rose a median 7% year over year in April among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey. The 7% growth in April is an acceleration from March’s 5% median growth pace, which marked the lowest value since 2010.

“This month’s Pulse report indicates that temporary staffing revenue growth year over year held steady or improved in April across most skill segments, with healthcare staffing continuing to grow by double-digits,” Research Manager Timothy Landhuis said. “However, the net percent of staffing firms noting an increase in new orders dropped to 28%, a record low, suggesting a note of caution regarding the prospects for acceleration in the very near term.”

The report found median year-over-year revenue growth accelerated in the following staffing segments in April from March:

  • Engineering/design: to 2% from -8%
  • Per diem nursing: to 25% from 21%
  • Finance/accounting: to 2% from -2%
  • Industrial: to 5% from 1%
  • Office/clerical: to 1% from 0%

The report also found median year-over-year revenue growth decelerated in the following staffing segments in April from March:

  • Locum tenens: to 9% from 29%
  • Travel nursing: to 24% from 31%
  • Allied healthcare: to 10% from 15%
  • IT: to 8% from 10%

Median year-over-year revenue growth was unchanged in marketing/creative at 5%.

Pulse Survey results are based on a monthly survey of US staffing firms. Data from the month of March was submitted by individuals from 140 staffing companies.

The full Pulse Survey Report is available to firms that take part in the survey. Features include data on bill rate trends, data split by US regions, and tables with a snapshot of year-over-year and month-over-month revenue growth for the most recent month.

The June Pulse Survey is currently underway. Participate now by selecting this link.