Industry Analysis & Industry Trends
Over the five years to 2016, industry revenue has fluctuated because of strenuous labor market conditions in the United States. The onset of the recession caused many businesses to restructure operations, including downsizing staff numbers, to resuscitate flailing profit margins. However, the industry was quick to recover, as corporate profit rebounded and business confidence increased. More companies reduced risk with smaller commitments to staff, using temporary staff instead of permanent full-time employees. In the five years to 2021, the industry is expected to continue growing... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Office Staffing and Temp Agencies industry is in the mature stage of its economic 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 4.5% over the 10 years to 2021. In contrast, GDP is expected to grow an annualized 2.1% during the same 10-year period.
Over the past five years, the industry has outperformed the economy due to a quick recovery from recessionary lows. According to American Staffing Association (ASA), demand for temporary employment is highest in the few years following an economic downturn, although demand subsides as the overall labor market stabilizes... purchase to read more