Employment & Recruiting Agencies in the US - Industry Market Research Report

Employment & Recruiting Agencies in the US - Industry Market Research Report

  • September 2020 •
  • 51 pages •
  • Report ID: 199107 •
  • Format: PDF
For hire: Stable labor conditions and new online recruiting methods are expected to aid industry revenue

Abstract

Employment & Recruiting Agencies in the US
Over the past five years, the Employment and Recruiting Agencies industry has performed well as strengthening labor markets have boosted demand for recruiting and job placement services. Furthermore, rising corporate profit levels and heightened management restructuring activity have increased demand for executive search services. Technological development has had a major effect on industry structure, with online profiles and job listing platforms creating opportunities for new businesses. Over the five years to 2024, the industry is expected to benefit from increasingly stable labor conditions that promote revenue growth. While the national unemployment rate is not expected to continue declining, a stabilizing and more fluid labor market coupled with rising business sentiment will continue to encourage businesses to engage in new hiring and restructuring.

This industry comprises establishments engaged in listing employment vacancies, referring job applicants to potential employers and assisting companies with employee recruitment and placement. Individuals referred or placed are not employees of the employment agencies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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