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Temp staffing revenue growth decelerates in February, Pulse survey finds

March 29, 2016

US temporary staffing revenue rose a median 7% year over year in February among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey. The 7% growth in February is a notable deceleration from January’s 10% median growth pace.

“Clearly, February was a weaker month for temporary staffing as a whole, although 7% median year-over-year revenue growth is still a fairly healthy pace,” Research Analyst Ziv Tepman said. “While healthcare staffing continued to be the superstar, half of the skill segments reported deceleration in median revenue growth, with finance/accounting and engineering/design dropping into the territory of year-over-year contraction on a median basis.”

Median year-over-year revenue growth decelerated in the following staffing segments in February from January:

  • Office/clerical: to 4% from 5%
  • Industrial: to 4% from 6%
  • IT: to 7% from 10%
  • Allied healthcare: to 10% from 21%
  • Finance/accounting: to -2% from 6%
  • Engineering/design: to -7% from -5%

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

  • Travel nursing: to 48% from 38%
  • Per diem nursing to 21% from 13%
  • Locum tenens: to 40% from 23%
  • Marketing/creative: to 21% from 2%

Pulse Survey results are based on a monthly survey of US staffing firms. Data from the month of February was submitted by individuals from 134 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 April Pulse Survey is upcoming, and there is still time to participate.