Growth, Market Sizes and Forecast

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February Update: U.S. Economic Indicators & 2010 Projections

February 16, 2010

Generally, economic indicators suggest robust recovery
Employment recovery lagging that of overall economy
ECRI suggests decelerating growth ahead, but no signs of double-dip

Estimate of domestic VMS and MSP markets

February 3, 2010

SIA estimates 2008 domestic spend of $43B and $34B for VMS and MSP, respectively
Accounting for duplication, we estimate total VMS/MSP spend of $45 billion
Nearly half of VMS/MSP spend is non-temp related

Temporary Staffing Long-Term Forecast, 2008-2018

February 2, 2010

  • U.S. Bureau of Labor Statistics releases 2018 employment projections
  • SIA base-case scenario projects 3.1 million temporary employees in 2018, $164 billion of revenue
  • U.S. temporary staffing revenue expected to more than double from 2009 to 2018, driven by volume growth, inflation, and mix shift... More

Economic indicators update

January 8, 2010

Generally, economic indicators suggest recovery
Employment recovery lagging that of overall economy
Four week moving average of initial unemployment claims continues march downard

Industrial segment improving, but some areas still slow

January 6, 2010

Pulse survey shows 'widespread improvement' month-over-month
Firms report that not all areas are seeing uptick
Low inventories may have spurred some activity

January 2010 U.S. Staffing Industry Stock Index Snapshot

January 4, 2010

SISI up 11% for the month, 19 gainers, 1 decliner
Favorable employment report lifts index
SISI gained 43% in 2009

Allied health staffing growth update

December 15, 2009

We project revenue contraction of 25% in 2009 followed by growth of 2% in 2010 for allied health
Overall, business is improving sequentially, but results vary given array of modalities
Sluggish recovery in unemployment rate will contain growth in 2010

Engineering/design staffing growth update

December 14, 2009

Engineering/design seeing sequential improvement
Forecast to grow 4% in 2010
Shortage: Aerospace engineers, engineering managers

Staffing industry forecast: December update

December 8, 2009

Temporary help sector downgraded from 8% to 7% growth for 2010
Revision driven by downgrades in healthcare and clinical/scientific 
Overall staffing industry projections unchanged: 26% contraction in 2009, 5% growth in 2010

Economic indicators update

December 8, 2009

ECRI index very bullish
Manufacturing expansionary, but non-manufacturing stalls
Unemployment claims down again