Temporary Staffing Industry Indicators Mixed, SIA Pulse Survey

The outlook for the temporary staffing industry remains mixed although net new orders rebounded significant from an all-time low last month, according February’s Pulse Survey update by Staffing Industry Analysts.

Temporary staffing revenue growth accelerated to 15% in January from 11% in December, according to the survey.

However, a number of other indicators deteriorated and the number of firms seeing positive year-over-year growth fell in many segments.

“This was a mediocre report at best. Although year-over-year aggregate revenue growth rebounded to 15%, a number of other indicators slipped,” said Research Analyst Robert Balicki.

“Industrial, in particular, had a bad month, with aggregate revenue growth falling to just 3%,” Balicki said.

IT staffing remains strong with 21% growth.

However, the aggregate revenue growth is significantly above the median revenue growth because some large staffing companies are doing particularly well.

Net New Staffing Orders Rebound From Record Low

On the bright side, net new staffing orders rebounded to 38% after reaching a record-breaking low in last month’s survey.

Pulse Survey results are based on a monthly survey of staffing firms. January’s survey included data submitted by individuals from 121 companies.

The full SIA Pulse report is available to firms that take part in the survey. For more information, contact Robert Balicki at rbalicki@staffingindustry.com.

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