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Office Staffing & Temp Agencies in the US: Market Research Report

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

Office Staffing & Temp Agencies Market Research Report | NAICS 56132 | Aug 2016

Actively recruiting: Improving economic conditions and rising corporate profit will drive growth

IBISWorld’s Office Staffing & Temp Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$149bn
Annual Growth 11-16
4.1%
Annual Growth 16-21
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Profit
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Employment
3,303,021
Businesses
44,272
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Office Staffing & Temp Agencies Industry?

Office staffing and temp agencies supply businesses with workers for limited periods of time to supplement existing staff. Although temp workers remain employees of the temp agency, temp agencies do not provide direct supervision of their employees at clients’ work sites.

Industry Products
Office, clerical and administrative staffingIndustrial staffingHealthcare staffingInformation technology staffingEngineering and scientific staffingProfessional and managerial staffing
 
Industry Activities
Supplying temporary staff (except farm labor)


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