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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 | Jun 2016

You're hired: A more stable labor market and new online recruiting methods will aid revenue

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
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 11-16
3.7%
Annual Growth 16-21
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Profit
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Employment
301,096
Businesses
23,233
Industry Analysis & Industry Trends

Over the past five years, the Employment and Recruiting Agencies industry performed well as strengthening labor markets boosted demand for recruiting and job placement services. Furthermore, rising corporate profit levels and heightened management restructuring activity increased demand for executive search services. The industry is expected to benefit from slower and increasingly stable conditions that promote revenue growth over the next five years. While the national unemployment rate is not expected to fall significantly, a stabilizing and more fluid labor market will continue to encourage businesses to engage in new hiring and restructuring... purchase to read more

Industry Report - Industry Locations Chapter

The geographic spread of the Employment and Recruiting Agencies industry largely reflects the distribution of population and economic activity. Furthermore, the amount of revenue generated in each region largely reflects the number of establishments within the respective regions. However, the West, Mid-Atlantic and New England regions, which primarily offer executive search services, generate slightly more revenue per establishment than the national average. This is due to the high-value positions that are located within these regions, which typically garner higher fees.

Southeast

The Southeast region is home to 21.1% of industry establishments, making it a major region for the industry... 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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