Temporary Labor is Not Softening the Latest Employment Figures

Comments and Analysis from Staffing Industry Analysts, the Global Advisor on Contingent Labor

May 05, 2014, 08:00 ET from Staffing Industry Analysts

MOUNTAIN VIEW, Calif., May 5, 2014 /PRNewswire/ -- Staffing Industry Analysts, the global advisor on contingent labor, believes that temporary labor supports economic growth, rather than hampering it with low-wage jobs. Contrary to what other analysts might believe, the largest segments of growth of temporary labor are in fact professional, higher paying roles. According to Staffing Industry Analysts' research, professional temporary employment is projected to represent a majority (54%) of temporary labor spending in the U.S. in 2014.

Peak demand industries for professional temporary labor include:

  • IT
  • Locum Tenens (Physicians)
  • Engineering
  • Clinical/Scientific
  • Marketing/Creative
  • Education Staffing

Office/clerical staffing, which consists of many of the lower-wage jobs that people often picture when they think of temporary labor, reached its peak demand in 2000, according to Staffing Industry Analysts' research. "While temporary labor is growing faster than the job market overall, temporary labor spending is largely driven by growth in the professional segments. We see strong demand growth in information technology, which we anticipate will grow by 8% in 2014, and healthcare staffing, and finance and accounting staffing are both predicted to grow by 6% in 2014," said Barry Asin, president of Staffing Industry Analysts. "One of the things that other analysts often miss is that the job market has changed. Temporary labor and contingent work help make the job market more flexible and are increasingly a preferred option for many highly skilled workers.  Additionally, temporary work provides an important gateway to traditional employment for many others."

About Staffing Industry Analysts
Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award-winning content, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers related staffing sectors. The company provides accreditation with its Certified Contingent Workforce Professional (CCWP) program. Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information: www.staffingindustry.com.

SOURCE Staffing Industry Analysts