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The U.S. staffing industry ended last year on a sour note as growth trends eased, according to the new Pulse Survey report released by Staffing Industry Analysts. The report found temporary staffing year-over-year revenue growth slowed to 11 percent in December from 17 percent in November.
“December was a poor month for the staffing industry,” said Research Analyst Robert Balicki. “Estimated year-over-year growth slipped and leading indicators were poor.”
Staffing firms also reported a decelerating trend in new orders and that sales were becoming more difficult in comparison to recruiting.
“Worryingly, the net proportion of respondents who said that new orders increased fell to its lowest level on record,” Balicki said. “Unfortunately, this is the third time in five months that this record has been broken.”
Monthly data in the Pulse Survey can be choppy. However, a few more months of worsening U.S. trends may warrant a more bearish outlook in industry forecasts.
The new Pulse Survey covers the month of December and includes information from individuals representing 141 staffing companies.
The report is based on a survey of staffing firms, and the full Pulse report is available to firms that take part in the survey. For more information, contact Robert Balicki at firstname.lastname@example.org.