Over the five years to 2018, the Office Staffing and Temp Agencies industry has recorded strong growth due to a stabilizing US labor market and overall economic improvements. Industry revenue increased rapidly in both 2014 and 2015 as the national unemployment rate declined by almost a full percentage point in each year. Additionally, despite weakening demand from the industrial segment, stronger demand for temporary staff from the professional services sector helped the industry move forward in 2015 and 2016. Having benefited from various macroeconomic trends over the past five years, industry revenue growth is expected to slow over the five years to 2023. While rising corporate profit is expected to temper demand for industry operators' services, workers looking to rejoin the labor force are expected to continue to present an opportunity for industry operators.
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.