Growth in temporary staffing revenue decelerated in October, according to the latest Pulse Survey released by Staffing Industry Analysts.

Year-over-year revenue growth in temporary staffing slowed to a median 5% in October, down from 7% reported in the previous Pulse Survey, which covered the month of August, and a further deceleration from 9% in June.

The travel nurse and IT staffing segments posted the largest median year-over-year revenue growth in October at 8% each, followed by locum tenens at 6%. Growth ranged from flat to 2% in all other segments.

Survey participants were also queried about bill rates; a net 38% of temporary staffing firms reported a net increasing trend in bill rates in October over the preceding three months. Looking forward, a net 46% expect an increasing trend over the next six months.

The Pulse Survey was conducted in November and is based on responses from 124 staffing firms.

SIA’s Pulse Survey takes place bimonthly, and only participants receive the full report. For more information on taking the Pulse Survey, click here.