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

Gainful employment: Monetary tightening and a decrease in employee bargaining power will hinder revenue growth

The Employment and Recruiting Agencies industry places job-seekers in available positions, taking commissions from client businesses that seek capable employees. Despite a collapsing labor market in 2020, employment agency revenue expanded at a CAGR of 3.6% in the past five years, while falling 0.5% to reach $32.0 billion in 2023. The transition to online work lowers costs and supports profit after 2020.

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.