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Temp staffing’s March revenue growth lowest since 2010, Pulse finds

May 02, 2016

US temporary staffing revenue rose a median 5% year over year in March among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse Survey. The 5% growth in March — the second consecutive month of slowing growth — is a deceleration from February’s 7% median growth pace and marks the lowest value since 2010.

“Two consecutive months of deceleration in median year-over-year revenue growth is a bearish sign,” said Research Analyst Ziv Tepman, CCWP. “However, results varied substantially across the skill segments. Healthcare and IT staffing were two of the bright spots, while engineering/design and finance/accounting staffing both experienced median year-over-year revenue declines.”

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

  • Office/clerical: to 0% from 4%
  • Industrial: to 1% from 4%
  • Travel nursing: to 31% from 48%
  • Locum tenens: to 29% from 40%
  • Engineering/design: to -8% from -7%
  • Marketing/creative: to 5% from 21%

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

  • IT: to 10% from 7%
  • Allied healthcare: to 15% from 10%

Median year-over-year revenue growth was unchanged in per diem nursing at 21% and in finance/accounting at -2% in March from February.

Pulse Survey results are based on a monthly survey of US staffing firms. Data from the month of March was submitted by individuals from 131 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 May Pulse Survey is upcoming, and there is still time to participate.