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Temp revenue growth pace accelerates sharply in June, Pulse survey says

July 23, 2014

Temporary staffing revenue grew at a median rate of 15 percent year over year in June, accelerating significantly from the 10 percent pace reported each prior month in 2014, according to the latest Pulse Survey Report by Staffing Industry Analysts. The percentage of firms reporting positive year-over-year revenue growth rose to 82 percent from 73 percent.

Median year-over-year revenue growth accelerated to 13 percent in the industrial segment, 12 percent in the office/clerical segment and 5 percent in both the finance/accounting and engineering/design segments. Median revenue growth decelerated to 10 percent among allied healthcare staffing firms and 9 percent among IT staffing firms.

Direct hire median year-over-year growth rose to 15 percent in June from 8 percent in May, while direct hire estimated year-over-year aggregate revenue growth rose to 13 percent from 10 percent.

“June stood out as a particularly strong month for temporary staffing on multiple fronts,” said Research Associate Ziv Tepman. “For the first time this year, median year-over-year growth in temporary staffing revenue surpassed the 10 percent mark, accelerating significantly to 15 percent. Our measure of new order activity also reached a 2014 high.”

The net proportion of firms reporting an increase in new orders reached 65 percent, up from 55 percent in May.

This month’s Pulse Survey Report includes features such as:

  • Data on bill rate trends
  • Data split by U.S. regions
  • New easy-to-read tables with a snapshot of year-over-year and month-over-month revenue growth for the most recent month

Pulse Survey results are based on a monthly survey of U.S. staffing firms. July’s survey included data submitted by individuals from 128 staffing companies.

The full Pulse Survey Report is available to firms that take part in the survey.