- 4Q 2021 Revenue Expected to Grow 9%
US staffing companies employed an average of 2.7 million temporary and contract workers per week in the third quarter of 2021, according to data released by the American Staffing Association—up approximately 90,600 from the second quarter.
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Staffing@ employment and sales have historically seen quarter-to-quarter gains following first quarter declines. While the second quarter of 2021 diverged from this trend, third quarter data showed a return to growth—with staffing@ jobs increasing by 3.5% quarter-to-quarter and temporary and contract staffing sales growing 3.1%.
“U.S. businesses are turning to the staffing industry for help in filling millions of current job openings,” said Richard Wahlquist, ASA president and chief executive officer. “The staffing industry is playing an increasingly important role in today’s labor market by providing talent sourcing expertise and workforce flexibility to employers in need of workers, and helping candidates find roles that are the right fit.”
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On a year-to-year basis, staffing jobs rose 15.2% in the third quarter of 2021 from the same period in 2020—which was still early in the economy’s recovery from the initial hit of the Covid-19 pandemic. Temporary and contract staffing sales totaled $36.1 billion in the third quarter, an increase of 21.8% from the third quarter of 2020.
Staffing firms are optimistic about the fourth quarter of 2021, projecting their revenue to grow 9% year-to-year and anticipating an increase of 19% for the full year of 2021 compared with 2020.
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