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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 | May 2014

Hiring freeze: As employment stabilizes, recruiting agencies will experience only minimal growth

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
$12bn
Annual Growth 09-14
2.0%
Annual Growth 14-19
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Profit
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Employment
205,176
Businesses
6,601
Industry Analysis & Industry Trends

The recession had a particularly negative effect on employment and recruiting agencies, with high unemployment rates dampening demand. As a result, agencies have been using competitive-pricing tactics to gain new clients and retain existing ones. This factor led to a decline in profit during the recession, but improving demand is expected to boost margins... 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. This industry is prone to cyclical fluctuations, so the state of the wider economy typically has a major impact on its performance. The recession resulted in high industry volatility; however, gradual economic recovery in the five years to 2019 is expected to revive industry growth. In the 10 years to 2019, the industry's contribution to the overall economy, measured by industry value added, is expected to grow at an annualized rate of 2.3%, compared with annualized GDP growth of about 2.7% over the same period. Given the industry's hypersensitivity to employment trends, increases in overall employment will have a major effect on industry value added... 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 servicesOnline resume listing 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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