Over the past five years, the Employment and Recruiting Agencies industry performed well as strengthening labor markets boosted demand for recruiting and job placement services. Furthermore, rising corporate profit levels and heightened management restructuring activity increased demand for executive search services. The industry is expected to benefit from slower and increasingly stable conditions that promote revenue growth over the next five years. While the national unemployment rate is not expected to fall significantly, a stabilizing and more fluid labor market 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. People 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.