Daily NewsView All News
U.S. staffing industry revenue is expected to reach a high of $134.4 billion in 2013, according to the new “Staffing industry forecast: September update” report by Staffing Industry Analysts. The revenue will beat the industry’s previous high of $132.3 billion in 2007.
The total is based on industry revenue growth of 9 percent in 2012 and 6 percent in 2013. However, the projected growth represents reductions from an earlier projection in the April update of the forecast of 10 percent growth in 2012 and 7 percent in 2013.
“Despite very weak growth in the U.S. economy in 2012, the U.S. staffing industry is having a solid year,” said Timothy Landhuis, research analyst with Staffing Industry Analysts.
“We forecast 9 percent growth in the total industry in 2012," Landhuis said. "We project that growth will decelerate to 6% in 2013 due to headwinds that include cuts in federal spending, potential tax increases on consumers and firms, and slow growth in Europe and Asia.”
Still, several staffing segments will surpass their pre-recession peaks in market size in 2013. They include industrial, information technology, locum tenens, engineering, clinical/scientific and marketing/creative.
However, other segments will remain significantly below their pre-recession peaks in market size, including travel nurse, per diem nurse, direct hire, temp-to-hire and retained search.
Corporate members of Staffing Industry Analysts can download the complete report by clicking here.