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Temporary staffing revenue growth accelerated to 15 percent in January from 11 percent in December, according February’s Pulse Survey update by Staffing Industry Analysts. However, a number of other indicators deteriorated and the number percent of firms seeing positive year-over-year growth fell in many segments.
“This was a mediocre report at best. Although year-over-year aggregate revenue growth rebounded to 15 percent, a number of other indicators slipped,” said Research Analyst Robert Balicki.
“Industrial, in particular, had a bad month, with aggregate revenue growth falling to just 3 percent,” Balicki said.
IT staffing remains strong with 21 percent growth. However, the aggregate revenue growth is significantly above the median revenue growth because some large companies are doing particularly well.
On the bright side, net new orders rebounded to 38 percent after reaching a record-breaking low in last month’s survey.
Pulse Survey results are based on a monthly survey of staffing firms; January’s survey included data submitted by individuals from 121 companies.
The full Pulse report is available to firms that take part in the survey. For more information, contact Robert Balicki at email@example.com.