According to the "US Staffing Industry Forecast: April 2021 Update" report released this week by SIA, temporary staffing within the United States is set to grow by 11% this year to a combine total of $134.7 billion. The trend, if it holds, will surpass the pre-pandemic level in 2019.
Although COVID-19 and recovery measures caused temporary staffing to decrease by 8% last year and the economy to enter a sharp and short decline, SIA assumes that significant GDP growth will occur due to the re-opening of the economy, fiscal and monetary measures that have been taken by the federal government, and continued vaccinations
“The fact that the temporary staffing industry only declined by 8% in 2020, by our estimates, is a testament to the resilience and innovation displayed by staffing firm leaders and their teams, " said Timothy Landhuis, director of research, North America, at SIA. "The decline was also partially offset by high single-digit growth in life sciences and overall healthcare staffing, as staffing firms in these segments rose to the occasion and played a heroic role in fighting he pandemic."
The Report also revealed that travel nurse staffing saw a positive growth of 35% in 2020 as healthcare facilities required additional nurses on the front lines of the pandemic. For 2021, travel nurse revenue is expected to see a growth of 10% before declining by 20% in 2022 as crisis pay rates go away.
