Q2 2022 Revenue Expected to Rise 10%
U.S. staffing sales reached $37.4 billion—a new first-quarter high—while first-quarter staffing jobs grew 1.6% year-to-year, according to data released today by the American Staffing Association’s Staffing Employment and Sales survey. Overall, staffing companies employed an average of 2.7 million temporary and contract workers per week in the first quarter of 2022.
On a quarter-to-quarter basis, staffing employment and sales typically peak in the fourth quarter due to holiday hiring, decline in the first quarter, and grow in subsequent quarters. That seasonal pattern held once again, with staffing jobs contracting by 197,000—or 6.7%—from the fourth quarter of 2021 to the first quarter of 2022. Staffing sales contracted by 4.8% in the quarter, less than the 10-year average of 5.8% for the first quarter.
“The staffing and recruiting industry continues to support job creation and economic growth,” said Richard Wahlquist, ASA president and chief executive officer. “In this challenging hiring climate, staffing companies are crucial players in providing flexibility and meeting the labor demands of companies looking to fill their full-time and flexible talent benches.”
Temporary and contract staffing sales rose 10.8% compared with the first quarter of 2021, and while there continues to be uncertainty related to current economic and geopolitical issues, staffing companies appear confident both in the short term and in the longer term. Companies expect their second-quarter revenue to grow 10.0% year-to-year and project it to expand 11.5% over the full year of 2022 compared with 2021.
To learn more about the quarterly ASA Staffing Employment and Sales Survey, visit americanstaffing.net/quarterly-survey, or follow ASA research on Twitter.
# # #
About the American Staffing Association
The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. ASA and its state affiliates advance the interests of the industry across all sectors through advocacy, research, education, and the promotion of high standards of legal, ethical, and professional practices. For more information about ASA, visit americanstaffing.net.
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get access to all ASA webinars and on-demand presentations. The ASA Resource Llibrary includes hundreds of presentations that members can view at their convenience and at no charge. Valuable webinars… More ›
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get access to all ASA webinars and on-demand presentations. The ASA Resource Llibrary includes hundreds of presentations that members can view at their convenience and at no charge. Valuable webinars… More ›
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get full access to Staffing Success and all ASA publications. ASA brings members a steady flow of valuable information through a suite of publications. Staffing Success magazine, our award-winning flagship… More ›
The nation’s staffing agencies can source and deploy personnel to fill orders for 100% of the 185 “essential critical infrastructure workers” identified by the U.S. Department of Homeland Security, according to a new member audit conducted by the American Staffing Association April 13–23. The DHS Cybersecurity and Infrastructure Security Agency published the list in a… More ›
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get full access to Staffing Success and all ASA publications. ASA brings members a steady flow of valuable information through a suite of publications. Staffing Success magazine, our award-winning flagship… More ›
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get full access to Staffing Success and all ASA publications. ASA brings members a steady flow of valuable information through a suite of publications. Staffing Success magazine, our award-winning flagship… More ›
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get full access to Staffing Success and all ASA publications. ASA brings members a steady flow of valuable information through a suite of publications. Staffing Success magazine, our award-winning flagship… More ›
What began as a unique challenge and buzz term after the economy recovered from the Great Recession is now a persistent and potentially broadening issue—the skills gap. Businesses continue to struggle in their search for employees with what they perceive to be the necessary experience, skills, and training to fill open positions. The issue becomes… More ›
Sorry, the content you’ve selected is for members only. Maybe it’s time to join! Or if you’re already a member, please log in. Join today to get access to all ASA webinars and on-demand presentations. The ASA Resource Llibrary includes hundreds of presentations that members can view at their convenience and at no charge. Valuable webinars… More ›
Many people miss opportunities to network—and when they do engage in it, they’re not as effective as they could be. In this ASA webinar, sales coach Amy Bingham will share the best practices for networking effectively and strategically. From the primary goal of networking to the process for making memorable introductions, you’ll learn the secrets to becoming a master networker. More ›
