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A bit of a slowdown is broadly apparent in staffing revenue, according to the latest Staffing Industry Pulse Survey report by Staffing Industry Analysts. Temporary staffing revenue rose an estimated 15 percent year-over-year in May, down from estimated year-over-year growth of 17 percent in April, according to the report.
“For several months, month-to-month trends have been worsening, but in this Pulse the decline has been both deeper and more widespread,” said Research Analyst Robert Balicki. “Only information technology, direct hire and temp-to-hire emerged in a stronger position this month — all other segments suffered.
“Office/clerical staffing had a particularly poor month,” Balicki said. “Estimated year-over-year revenue growth fell to 8 percent from 10 percent in April, and the percentage of firms reporting positive year-over-year growth fell from 85 percent to 71 percent — its lowest value since September 2011.”
The net proportion of staffing firms reporting increases in new orders fell to its lowest level in May since the Pulse Report began tracking this data in October 2011.
In addition, while although a larger proportion of staffing firms still say recruiting is tougher than sales, increasing proportions of respondents have been saying that sales is relatively tougher than recruiting since March.
The Pulse report is based on a survey of 161 staffing firms and was conducted in June.