Let's admit it: The jobless rate is still high. So are profits for recruitment, staffing, and temp agencies.
Job hunting can be so much easier when someone else is doing it for you. Although reports from IBISWorld show that growth for employment and recruiting agencies are still negative, the future looks bright. Evidence of an economic recovery is seen in the numbers.
Temp agencies and staffing services have shown an 18 percent year-over-year growth rate, according to AnythingResearch.com. That's largely because companies are more comfortable with the flexibility of temporary labor, in case of another recession, and IBISWorld reports a nearly 5 percent growth annually from 2011 through 2016.
By the Numbers:
Year-over-year growth rate for temp agencies and staffing services, according to AnythingResearch.com
Sales percent change for employment services from 2010, according to Sageworks
Percentage net profit margin change for employment services in 2010, according to Sageworks
Annual growth in employment growth in employment and recruiting agencies from 2011 to 2016, according to IBISWorld