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Office Staffing & Temp Agencies in the US - Industry Market Research Report

  • ID: 16899
  • Report
  • October 2019
  • Region: United States
  • 36 pages
  • IBISWorld
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Out of office: Corporate profit is anticipated to continue growing, boosting industry demand

Office Staffing & Temp Agencies in the US

Over the five years to 2019, the Office Staffing and Temp Agencies industry has recorded strong growth due to a growing US labor market and overall economic improvements. During the current five-year period, unemployment rates have dropped to historical lows. As a result, industry revenue increased rapidly. Additionally, despite weakening demand from the industrial segment, rising demand for temporary staff from the professional services sector supported the industry. Having benefited from various macroeconomic trends over the past five years, the industry is expected to experience slower revenue growth over the five years to 2024. Corporate profit is anticipated to continue growing over the next five years. This will give companies increased confidence in their long-term financial stability, encouraging them to hire permanent employees as opposed to temporary ones.

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.

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.

Note: Product cover images may vary from those shown
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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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