Staffing firms see temp work pick up in US and Europe, but margins lag; Randstad gross margin down 60 bps in Q3
Key points
- Reports say temp demand is rising as companies use temp labor to restart delayed projects
- Robert Half and Kforce guided above expectations
- Randstad's Q3 gross margin fell 60 basis points; analysts expect only slow recovery through 2028
Staffing firms on both sides of the Atlantic are seeing activity rise as companies use temp labor to restart delayed projects, the report says. Robert Half and Kforce guided above expectations, while Randstad, Michael Page and Robert Walters reported better trends in Europe. Michael Page posted its first quarterly gross profit rise since 2022; Randstad's Q3 gross margin fell 60 basis points.
Original report: Briefs Finance ↗Edited with AI assistance. Facts are based on official sources and original reports.