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Temp staffing revenue sees smaller decline in October

Temp staffing revenue sees smaller decline in October

SIA Editorial Staff
| November 25, 2024
SIA Pulse Report

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Temporary staffing revenue fell a median 5% year over year among the 173 US staffing firms taking part in SIA’s latest Pulse survey. The decrease — based on October revenue — is an improvement from the 8% decrease in the previous Pulse report, which was based on August revenue.

Looking at revenue by segment, travel nursing continued to post the largest median year-over-year decline in revenue, down 21%. The largest increase was in locum tenens, where revenue rose 3%.

Otherwise, except for a 3% year-over-year decline in industrial staffing revenue and a 1% decline in IT staffing, the other segments were flat.

The survey also asked participating staffing firms about the tactics they are taking to either increase revenue or profitability. Of the 89 firms that responded, 29% reported increasing sales, sales staff or marketing efforts. In addition, 12% mentioned expanding services/geographies.

SIA corporate members can download the US Staffing Industry Pulse Survey Report: November 2024 Selected Highlights. However, the full Pulse report is available only to companies that participated in the survey. For more information on participating in the next survey, contact Curtis Starkey at [email protected].