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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 | Jan 2014

Now hiring: Increasing demand for workers will lead to industry recovery

IBISWorld’s Employment & Recruiting Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 09-14
4.0%
Annual Growth 14-19
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Profit
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Employment
252,935
Businesses
13,987
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. The future looks brighter for agencies, with demand for workers expected to return along with greater outsourcing of employment placement services... 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 4.9%, 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 of 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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