US staffing revenue jumps to median 10% year-over-year growth: Pulse Report

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Staffing revenue, as measured in Staffing Industry Analysts’ monthly Pulse Survey Report, jumped in January with travel nurse revenue leading the charge.

Revenue at firms taking part in the Pulse Survey rose by a median 10% year over year in January. In comparison, revenue had risen by a median 2% in December. However, the lion’s share of the growth was in travel nursing where revenue surged by a median 85% year over year.

Per diem nursing and life sciences staffing also grew but at a lesser extent than travel nurse. Both per diem and life sciences staffing revenue rose 21% year over year in January.

Other segments did not show as quick a growth spurt. IT staffing revenue was up by a median 7% year over year in January while office/clerical revenue fell a median 5%. Some other segments were flat.

The latest Pulse Survey also asked firms about staffing platforms — internet platforms that allow candidates to fill client positions in a more self-service fashion. Of the 71 firms that responded to these questions, 41% said platforms are the future of staffing and they will consider using platforms in the near future.

A report that includes selected highlights from the Pulse Survey is available to corporate members of SIA; the full Pulse report itself is available only to companies that took part in the survey. For more information on participating in the next survey, contact SIA Research Analyst Curtis Starkey at cstarkey@staffingindustry.com.