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Employment & Recruiting Agencies in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Employment & Recruiting Agencies Market Research Report | NAICS 56131 | Mar 2015

Hiring spree: A more stable labor market will encourage employers to engage in new hiring and restructuring

The Employment & Recruiting Agencies market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 10-15
3.4%
Annual Growth 15-20
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Profit
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Employment
219,018
Businesses
21,182
Industry Analysis & Industry Trends

Over the past five years, the Employment and Recruiting Agencies industry has recovered from the onset of the recession, which crippled industry growth. As businesses experienced plunging profit margins, companies cut back on the number of staff employed in response to lower consumer demand and newly restricted budgets. In the coming years, the industry is expected to benefit from slower, yet increasingly stable conditions that promote revenue growth. Unemployment is expected to continue to fall, while corporate profit rises and companies increasingly invest in their workforces... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Employment and Recruiting Agencies industry is in the mature phase of its life cycle. Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to grow at an average annual rate of 2.9% over the 10 years to 2020. In contrast, the overall economy is forecast to grow at a slower annualized rate of 2.5% over the same period. Growth in IVA is primarily a result of recovering profit margins and sales in the postrecession economy. Over the next five years, IVA growth will be relatively slower as industry revenue grows roughly in line with the overall economy... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Employment & Recruiting Agencies Industry?

This industry comprises establishments engaged in listing employment vacancies, referring job applicants to potential employers and assisting companies with employee recruitment and placement. People referred or placed are not employees of the employment agencies.

Industry Products
Permanent placement servicesExecutive search servicesTemporary staffing servicesIndependent contractor placement services
 
Industry Activities
Operating casting agencies or bureausOperating employment agencies or registriesOperating employment referral agencies or registriesProviding permanent placement servicesProviding temporary placement servicesProviding online job and resume listing services


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