Year-over-year aggregate revenue growth among IT staffing firms was 15 percent in May, according to the latest monthly Pulse Survey released by Staffing Industry Analysts.
“After an anomalously poor showing in April, estimated year-over-year aggregate growth rebounded to 15 percent in May,” said Robert Balicki, research analyst at Staffing Industry Analysts. “Over the last 12 months, aggregate revenue growth readings — representing the sum of all firms reported — have slowly decelerated from about a high of 26 percent to 15 percent in May. Nonetheless, IT remains the strongest performing segment of temporary staffing.”
However, the strong growth was supported disproportionately by gains in larger firms. Smaller firms, as represented by median performance, came in at a median 8 percent year-over-year rate.
Pulse Survey results are based on a monthly survey of staffing firms. May’s survey included data submitted by individuals from 28 IT staffing firms.
In terms of month-to-month trends, information technology revenue in the U.S. showed “widespread improvement” in May, a slight slowdown form the “very widespread improvement” in the previous three months, but still consistent with continued positive performance in this sector.
Staffing Industry Analysts earlier forecasted U.S. information technology staffing sector to grow 8 percent for the full year 2013 versus 2012.
“The Pulse survey results regarding May are certainly a positive data point regarding the strength of demand for contract IT professionals,” said Timothy Landhuis, research analyst at Staffing Industry Analysts. “The next update to our outlook for the IT staffing market will be our preliminary industry forecast comments during our Aug. 6 webinar for corporate members. Our next formal U.S. staffing industry forecast will be published on Sept. 10.”