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Staffing Revenue Rising Faster Than Expected in 2012

Workforce (04/10/12)

U.S. temporary staffing revenue increased 14% last year, with growth higher than anticipated for this point in the business cycle, according to Staffing Industry Analysts. “In a year marked by modest GDP [gross domestic product] growth of 1.7%, the strong growth in temporary staffing revenue in 2011 is further evidence of a secular shift in demand above the expansion predicted by GDP growth, based upon the trend of the past 16 years,” says SIA research associate Timothy Landhuis. “We project that U.S. staffing industry revenue will expand by 10% in 2012.”